News

Vacancy increased 292bps compared to the same period last year.

CBD office markets recorded 13.6% headline vacancies in Q1.

The leasing volume was up 8.7% to  23,567 year-on-year.

Rents are expected to increase by 1-3% in the first half of 2022.

Around 100 attendees took part in the first-ever Commercial Real Estate Digital Conference.

The 48.8% occupancy in March 2021 is slightly higher compared to last year.

Hotel investment transactions fell 55% to US$7.5b over the last 12 months.

Transactions fell from 2,340 in April to 1,966 in May.

Transaction volume increased 6.2% to 6,258 units in April.

But this is still 43% above the 10-year quarterly average.

The office, residential, and retail sectors will be most affected.

Thanks to robust positive net absorption and only one withdrawal.

Despite the challenges, Drew & Napier’s Director and Co-Head for Real Estate still believe that the industry is and has always been an exciting area to work in.

This is following the rise of e-commerce-use amidst long lockdowns throughout the country.

Taiwan, Singapore, and Australia saw a spike in business park transactions in Q1.

Savills recorded strong interest from Hong Kong, Malaysian, and Singaporean investors.