Asia Pacific Commercial Real Estate News
Asia Pacific Commercial
Hong Kong Property Investors Take a Wait-and-See Approach Due to U.S. Tariffs
The looming threat of President Trump's China tariffs in the first quarter of 2025, coupled with Hong Kong's strong economic ties to China, contributed to a decline in commercial rents and capital values across nearly all sectors of the city's property markets
Asia Pacific Commercial Property Investment Spikes 23 Percent in 2024
New data from global real estate consultancy JLL reveals a 23% year-on-year (YoY) increase in commercial real estate investment across Asia Pacific in 2024, totaling $131.3 billion and surpassing 2022 levels. Investment volumes in Q4 alone grew 10% YoY to $34.9 billion, marking the fifth consecutive quarter of YoY growth for the region.
Commercial Investment in Japan Spikes 24 Percent Annually in Q3
According to CBRE, Japan's commercial real estate transaction volume rose by 24% year-over-year to JPY 1.207 trillion in Q3 2024, with large transactions exceeding JPY 10 billion doubling from the same period last year.
Hong Kong Class A Office Rents Continue to Downtick in Mid-Summer
According to JLL's latest Hong Kong Property Market Monitor report, vacancy rates of Grade A offices in Central and Hong Kong East improved in July 2024, but office rents continue to slip.
