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Hong Kong overall office vacancy rate hits 11.6% in November
Hong Kong overall office vacancy rate hits 11.6% in November
The rise was driven by two new completions.
Hong Kong retail street rents to drop by a further 10-15% in 2023
Rent adjustments are not expected to improve vacancy rates.
Kuala Lumpur expects seven residential projects to launch by early 2023
These projects consist of almost 3,500 units.
Tokyo office vacancy rate hits 4% for the first time since 2013
This reflects an increase of 80bps q-o-q.
This area accounts for nearly a third of Sydney’s residential supply pipeline to 2025
Supply remains tight across the city.
Jakarta finally breaks its year-long new office supply drought
A 47,439sqm building completed in Q3 after a year with no new supply.
Perth retail completions still well below the 10-year average of 77,400sqm
Completions only totalled 20,700sqm over the last 12 months.
Large-scale malls dominate Kuala Lumpur’s 2023 supply pipeline
The malls have an average of 1 million sq ft of net lettable area.
Taipei office vacancy rate to remain healthy at 3-5% over the next three years
The supply pipeline is healthy until 2027.
Ho Chi Minh luxury apartment capital values to rise 5.7% by end-2023
It’s expected to hit USD3,498 per sqm.
Luxury hotels slowly making a comeback in Tokyo
Two international luxury hotels are slated to open next year.
Melbourne to see 1,480 new residential units by Q4
Over 1,500 units were already completed so far this year.
Hanoi’s prime retail supply remains in non-CBD areas
The total supply is stable at 1.1 million sqm.
Here are the new malls to watch out for in Bengaluru in the next two years
Over 4 million sq ft of new supply is expected to come onstream in the Suburbs submarket alone.
Half of incoming rooms in Jakarta this year are from serviced apartments
Six lodging facilities are expected to open before the year ends.
Kuala Lumpur to see over 3m sq ft of new office supply by 2023
Vacancy rates are likely to remain elevated.
Retail rents in Ho Chi Minh City breach pre-pandemic levels
Rents grew 1.1% to USD 79.1 per sqm per month across the city.
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He shares his insights on how Asia’s real estate players can maintain profitability whilst navigating intersecting industry pressures.
