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Singapore’s prime residential market to see stronger interest from locals
Singapore’s prime residential market to see stronger interest from locals
The ABSD rate hike is expected to dampen foreign demand.
Sydney beats other Australian cities in hotel investment volumes
Over AUD1.6b worth of transactions took place over the past 18 months to June 2023.
Delhi prime residential prices up 2% in Q2
The highest price growth was recorded in Gurgaon.
These were the recently completed prime residential projects in Jakarta
There was one new luxury condo and two new serviced apartments.
Mumbai new residential launches hit a record 6,284 units in Q2
Launches rose by 26% vs the prior quarter.
Kuala Lumpur sees 1,820 new prime residential units in Q2
These are from three projects that were completed during the quarter.
Hong Kong luxury residential leasing activity increases 30% in Q2
But the persistent high vacancy rate is hindering rent recovery.
Bangkok to add over 3,000 new keys to its hotel supply by year-end
Four additional hotels were opened in Q2 alone.
Bengaluru prime residential rents inch up 0.7% in Q2
Thanks to the return of expats and rising office occupancies.
Melbourne residential rent recovery continues
Asking rents for 2-bed units increased by 15.9% over the past year.
Robust demand to drive Singapore retail rents for the remainder of 2023
Thanks to the ongoing tourism recovery.
Ho Chi Minh City to see nearly 2,000 new prime apartment units in H2
This is 53% fewer than the new launches in H1.
Jakarta hotel supply to grow at an annual rate of 2.6% until 2025
Over 1,700 rooms will be added in 2023.
Brisbane apartment demand to gain momentum over the next year
This will be driven by strong regional population growth.
Manila retail store closures drop by 29% in Q2
Almost a quarter of closures were by F&B brands.
Two luxury hotels enter the Singapore market in Q2
Over 1,600 more rooms are expected to open in the remainder of the year.
Bangkok residential vacancy rate declines to 6.5% in Q2
A total of 21 projects are now fully occupied.
Most Read
1. Four major Australian CBDs record positive office absorption in Q2 2. Australian industrial take-up hits 1.2m sqm in H1 3. Japan’s slowing hotel pipeline opens door for foreign hotel brands 4. India office leasing volumes soar 20% to 1.2m sqm in Q2 5. Singapore industrial investment sales record sixfold increase in Q2Resource Center
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