Commercial Office
Hong Kong office rents slip 0.2% in July as high vacancy rates persist
Hong Kong office rents slip 0.2% in July as high vacancy rates persist
Wanchai / Causeway Bay and Kowloon East saw bigger rent declines.
Singapore Grade A office rents’ rate of decline at its slowest since 2019
Gross effective rents slipped by 0.4% to S$9.37 psf in Q2 2021.
Office rental contract values down but leasing volume up in Singapore
Tenants are renegotiating rents and reducing office spaces instead of vacating them.
India’s gross office leasing drops 16.9% as second wave of COVID persists
But Hyderabad bucked the trend with office leasing doubling in Q2.
Philippines’ lacklustre office absorption dampens residential demand
Residential vacancy increased from 15.6% in Q4 2020 to 16.3% in Q2 2021.
How Singapore offices’ passing rents impact investment decisions
Savills provides an analysis on yield compression using assumed passing rents.
India to remain a preferred global outsourcing destination amidst subdued office leasing activity
Thanks to its large base of technical knowledge and cost-effective talent.
What you need to know about Macau’s property market
The office leasing market is set to lose one of its largest tenants.
Why Hong Kong no longer has the most expensive office rents in APAC
Tokyo now has the top spot again.
Jakarta CBD office occupancy rates hit sub 80% for the first time
The average occupancy rate fell 1.1% to 79.2% in Q2 2021.
Tokyo’s Grade A office rents take a hit from pandemic woes, new office supply
Rents in the Tokyo central five wards fell 1.7% in Q2 2021.
Why work-from-home setups won’t significantly impact Hong Kong’s office markets
Savills says Hong Kong’s “notoriously cramped housing” counts against the WFH model.
Back in the game: Singapore office investment sales rebound in Q2
Investment in the sector rose significantly by 75.7% to S$1.7 billion.
Flex office spaces gaining momentum in Central Tokyo
WeWork, Spaces, Business-Airport and Human First Time will launch more spaces in Q3 2021.
3 new office buildings to watch out for in Osaka
The Osaka Umeda Twin Towers South will lead the supply throughout 2022.
Property investors remain attracted to offices in Japan’s regional cities
One company will invest US$10b in Japan, 70% of which will be invested in office buildings.
Japanese office rents in regional cities faring better than in Tokyo
Rents in Tokyo dropped 6.5% while Osaka and Nagoya recorded only 2.2% and 0.6% declines, respectively.
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