Australia
Melbourne adds 1,311 new hotel rooms to its supply in H1
Melbourne adds 1,311 new hotel rooms to its supply in H1
Over 2,000 rooms were added to the inventory in 2021.
Sydney’s hotel room inventory hits 21,632 in 2021
This is a 3% increase from the previous year.
Australian industrial property sector to see solid demand in the long-term
Rising transportation costs is one of the key reasons.
Sydney CBD prime office rents rise 2.1% in Q2
This is the fastest increase since 2017.
Why Canberra always has the lowest office vacancy rate amongst Australian cities
Its vacancy rate was at 5.5% in Q1, one of the lowest in the world.
Sydney hotel occupancy improves to 40.5% in Q1
Occupancy was at 37.4% in the same period last year.
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Sydney’s retail space completion at its lowest levels in two years
There was only 15,700sqm worth of retail space completed in Q1.
Perth’s retail supply pipeline remains elevated amidst uncertainties
Plans for seven new projects yielding 89,300sqm have been approved.
New Breeze by Dahua Group Australia
The project wins Masterplan Development of the Year - Australia at the Real Estate Asia Awards 2022.
Adelaide annual industrial supply to exceed 100,000sqm for three years in a row
The last time this happened was in 2005-2007.
Adelaide office vacancy rate hits record low in over two years
Headline vacancy dropped to 14.6% in Q1.
How did Perth’s industrial property market fare in Q1?
Demand was muted with just 11,400sqm of gross take-up during the quarter.
Sydney industrial take-up above 10-year quarterly average for eighth consecutive quarter
Occupier activity totalled 230,800sqm in Q1.
Canberra office vacancy rate hits 14-year low of 5.5% in Q1
Net absorption reached a total of 12,600sqm during the quarter.
Melbourne CBD office vacancy slips 0.2ppts to 14.8% in Q1
The city recorded negative net absorption during the quarter.
Brisbane industrial demand below 10-year quarterly average
Occupier demand was at 108,400sqm in Q1.
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1. Kuala Lumpur to add 3,180 new hotel rooms in 2025 2. Guess which three APAC cities made it to the global list of top 10 prime office costs in Q4 3. Hong Kong mass and luxury residential capital values to drop by 5% this year 4. Singapore residential leasing volume drops 24.2% to 19,733 units in Q4 5. Singapore non-landed home rental index rises for second straight quarterResource Center
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
