News

The Osaka Umeda Twin Towers South will lead the supply throughout 2022.

Newcastle, Wollongong, and Gosbord are attracting hefty investments.

Investment sales surged to 86.3% in the second quarter despite tightened restrictions.

One company will invest US$10b in Japan, 70% of which will be invested in office buildings.

Institutional investors accounted for 71% of all commercial transaction volumes in the quarter.

This was boosted by two Blackstone portfolio sales - Milestone ($3.8b) and Kingdom II ($825m). 

Rents in Tokyo dropped 6.5% while Osaka and Nagoya recorded only 2.2% and 0.6% declines, respectively.

Occupancy rate in the Raffles Place / Marina Bay precinct reached 94.3% in Q2.

One of the demand drivers were tenants seeking small spaces of less than 1,000sqm.

Hong Kong’s strong export rebound and rise in food consumption would increase this asset’s value.

Island-wide rents declined 9.3% to S$26.20 per square foot per month in Q2.

This is a huge improvement from the 28% drop recorded in 2020.

It is also important to consider who pays for the technology infrastructure, the occupier or the developer? 

The APAC Prime Office Rental Index declined by just 0.8% despite Delta variant outbreaks.

This project launched in January and sold 923 units.  

Quarterly net-take up in the CBD rebounded to 6,350 sqm in Q2, the first positive quarter since Q2 2018.