News

Net absorption is expected to rebound this year.

Leasing recovery will depend heavily on the efficacy of vaccination programs this year.

Commitments for owner occupier housing rose 10.5%. The January 2021 Lending to Households and Business figures released by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the eighth consecutive month and reached another record high, according to the Real Estate Institute of Australia (REIA).

Auckland leads index in Q4 2020, with prime growth of 18%.

They’re also asking for further lease flexibility to manage risks.

Headline CBD Grade A office rents are projected to fall by 5% to 6% this year..

They were motivated by low interest rates and other incentives.

A $1.02bn acquisition is on top of the list. Led by Gebr Knauf’s $1.02bn acquisition of Usg Boral Building Products, Asia-Pacific’s construction & real estate industry saw a drop of 13.16% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

The interpretation of tax liabilities is a top concern for student accommodation operators.

Singapore is still the most active source of outbound capital for three years now.

Residential property demand will recover the fastest.

More banks and corporates are cutting their real estate footprint.

CBRE comments that these rates are within expectations.

This is mainly attributed to the final settlement of the Uttar Pradesh construction project in India.

Only Taipei and Shanghai reported prime office rental growth of 0.9%.

New demand is likely to be tempered until China’s borders are fully reopened. Despite the overall property market being hampered by COVID-19 and Sino- US trade war, the performance of the industrial sector remained relatively resilient, with overall rents witnessing only modest declines. Colliers reveals that warehouses fell -5.6% YOY with factories falling -3.3% YOY in 2020. Tenants had a greater tendency to relocate for lower rents, while landlords were more flexible in offering incentives and longer rent-free periods to maintain occupancy. In 2021, Colliers expects to see the total export performance to recover from 2020’s low base, supported by the recovery of exports to China. In fact, total export growth returned in Q3 and Q4 2020, after experiencing six consecutive quarters of negative growth. Meanwhile, in December 2020 the Tuen Mun – Chap Lap Kok link opened, greatly enhancing logistics connectivity in the northwest New Territories. “We expect to see the Tuen Mun area capture new interests from both occupiers and investors. Overall, in 2021 we forecast warehouse rents to decline by 2.5% and prices by 3.0% YOY, as new demand may still be relatively limited until the border with China is fully reopened.”