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Office vacancy rate on Hong Kong Island hits a record 12.2% in Q1
Meanwhile, rents dipped by 0.5% during the quarter.
Office vacancy rate on Hong Kong Island hits a record 12.2% in Q1
Meanwhile, rents dipped by 0.5% during the quarter.
Singapore CBD Grade A office rents inch up 0.5% in Q1
Vacancy rates dropped to 3.6% during the quarter.
Grade A offices outperform other segments in Bangkok
The prime office segment recorded the highest occupancy rate of 80% in Q1.
Australian infrastructure deal value drops by 31% in Q1
But volumes are predicted to improve in the coming months.
Hong Kong luxury retail market finally set to recover
Some luxury brands such as Louis Vuitton are gradually returning into the city.
Bangkok office demand declines after seven consecutive quarters of increase
Net absorption was at -5,500sqm in Q1.
Singapore retail vacancy rate rises in Q1 after three consecutive quarters of decline
The vacancy rate slightly increased to 6.7% in Q1 2024.
Australia transaction volumes at decade lows over the past year
Volumes in the office sector were just 37% of the 5-year average in Q1.
India real estate investments up 3% to USD1.1b in Q1
The residential sector accounted for over 60% of the investments.
Singapore Q1 private home transactions down 2.4% to 4,230 units
There were over 1,100 units sold in the primary market.
Singapore office vacancy rate hits record low in over 7 years
Vacancy rates in the Central region fell to 9.3% in Q1.
Singapore private home price hike slows to 1.4% in Q1
This was from the 2.8% increase recorded in the prior quarter.
Vacant offices in Asia prompt investors to diversify
Investors shift strategies in response to rising vacancies.
Singapore prime logistics rents up 3.6% in Q1
Rents are expected to increase by 5% for the full year 2024.
Japan new hotel supply growth to underperform 10-year average of 3.7%
New supply is expected to have a CAGR of only 0.4% until 2027.
Hong Kong office vacancy rates could surpass 20% by 2027
That is if annual take-up only reaches 0.5m sq ft.
Singapore real estate investment sales to exceed $25b in 2024
In Q2, volumes will be supported by several GLS tender closings.
Most Read
1. APAC office demand surges to 2.2m sqm in Q3 2. Singapore private residential vacant stock grows by 18.8% in Q3 3. Hong Kong to see nearly 3,000 new hotel rooms for remainder of 2024 4. Singapore CBD Grade A office demand could remain weak until 2026 5. Australian CBD markets record mixed signals for office demand in Q3Resource Center
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Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024
![Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024]()
Co-Written / Partner
It sets new standards for office developments with its striking design and strategic location.
It sets new standards for office developments with its striking design and strategic location.
