Realestate Asia

Demand for luxury apartments in Delhi surges 114% in Q1
A majority of the sales were from Gurgaon.
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Manila residential vacancy rate declines 50bps to 9.4% in Q1
Thanks to local professionals’ activation of leases.
Hong Kong luxury residential rents to decline by up to 5% this year
The lacklustre activity recently does not bode well for the market.
Sydney’s retail space completion at its lowest levels in two years
There was only 15,700sqm worth of retail space completed in Q1.
Mumbai retail rents inch up 0.4% in Q1
Net absorption was at 301,600 sq ft in the same period.
This mall alone contributed 889,100 sq ft to Kuala Lumpur’s retail stock
Vacancy rates in the City Centre submarket increased slightly to 17.5% in Q1.
Perth’s retail supply pipeline remains elevated amidst uncertainties
Plans for seven new projects yielding 89,300sqm have been approved.
Bangkok unsold condo inventory down to 3,348 units
The unsold market inventory dropped to 4.8% in Q1.
Mumbai prime residential launches up 18.8% to 1,042 units in Q1
South Central Mumbai accounted for 40.4% of all new launches.
Manila prime retail market plagued by pull-outs in Q1
As a result, net absorption reached -7,300sqm during the quarter.
Tokyo retail rental decline slows down in Q1
Rents slipped for the eighth consecutive quarter to reach JPY 73,233 per tsubo per month in Q1. 
Singapore prime residential prices up 0.6% in Q1
Typical prime non-landed residential prices also inched up 0.9%.

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Exclusives

Exclusives

Residential Who benefits and how: Cooling measures stir Singapore real estate
After the imposition of a higher ABSD, residential property investment sales declined to 33.4%.
Residential Cooling measures gloom Singapore’s private residential market outlook
Private residential transactions may decline up to 29% YoY in 2022.
Singapore developers may shift focus to smaller plots of land with recent tax changes: KPMG
The government increased stamp duties for property buyers by 5-15 percentage points.
Commercial Office Japanese businesses rely on properties to mitigate financial woes
They are selling their realties or converting their real estate into business assets.
Commercial Office Why tech giants want their office space and what does this mean for the real estate industry
The tech industry accounted for 40% of the demand for office space, up from 20% in 2019.
Commercial Office No one size fits all: Firms turn to experience as they fit out spaces in the permanent hybrid setup
Cushman & Wakefield said modern workplaces will see variations of hybrid fit-out, either simple or complex.
Commercial Office APAC to sustain growth in commercial real estate investment in 2022: CBRE 
CBRE sees a 5% to 10% growth in total transaction volumes this year.  

Top News

Demand for luxury apartments in Delhi surges 114% in Q1
A majority of the sales were from Gurgaon.
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Manila residential vacancy rate declines 50bps to 9.4% in Q1
Thanks to local professionals’ activation of leases.
Hong Kong luxury residential rents to decline by up to 5% this year
The lacklustre activity recently does not bode well for the market.
Sydney’s retail space completion at its lowest levels in two years
There was only 15,700sqm worth of retail space completed in Q1.
Mumbai retail rents inch up 0.4% in Q1
Net absorption was at 301,600 sq ft in the same period.
This mall alone contributed 889,100 sq ft to Kuala Lumpur’s retail stock
Vacancy rates in the City Centre submarket increased slightly to 17.5% in Q1.
Perth’s retail supply pipeline remains elevated amidst uncertainties
Plans for seven new projects yielding 89,300sqm have been approved.
Bangkok unsold condo inventory down to 3,348 units
The unsold market inventory dropped to 4.8% in Q1.
Mumbai prime residential launches up 18.8% to 1,042 units in Q1
South Central Mumbai accounted for 40.4% of all new launches.
Manila prime retail market plagued by pull-outs in Q1
As a result, net absorption reached -7,300sqm during the quarter.
Tokyo retail rental decline slows down in Q1
Rents slipped for the eighth consecutive quarter to reach JPY 73,233 per tsubo per month in Q1. 
Singapore prime residential prices up 0.6% in Q1
Typical prime non-landed residential prices also inched up 0.9%.

Exclusives

Residential Who benefits and how: Cooling measures stir Singapore real estate
After the imposition of a higher ABSD, residential property investment sales declined to 33.4%.
Residential Cooling measures gloom Singapore’s private residential market outlook
Private residential transactions may decline up to 29% YoY in 2022.
Singapore developers may shift focus to smaller plots of land with recent tax changes: KPMG
The government increased stamp duties for property buyers by 5-15 percentage points.
Commercial Office Japanese businesses rely on properties to mitigate financial woes
They are selling their realties or converting their real estate into business assets.
Commercial Office Why tech giants want their office space and what does this mean for the real estate industry
The tech industry accounted for 40% of the demand for office space, up from 20% in 2019.
Commercial Office No one size fits all: Firms turn to experience as they fit out spaces in the permanent hybrid setup
Cushman & Wakefield said modern workplaces will see variations of hybrid fit-out, either simple or complex.
Commercial Office APAC to sustain growth in commercial real estate investment in 2022: CBRE 
CBRE sees a 5% to 10% growth in total transaction volumes this year.  

Join the Realestate Asia community