According to JLL's latest Property Market Monitor, Hong Kong's property investment market continued to hit new highs in January 2018, riding on strong global investor interest.
According to a new report by JLL titled "Bridging the Housing Gap", millennials in Asia are now sharing more than work spaces and transport. They have turned to living together in a new form of shared housing where residents have common interests and lifestyles.
Hong Kong's housing market continued to reach new heights in December, capping off a year that saw capital values advance at their fastest pace in five years. Capital values of mass residential properties increased by 1.3% m-o-m in December to lift full-year growth to 15.8 percent.
Technology advances in areas such as big data analytics, machine learning and artificial intelligence are transforming industries across the globe, providing insights and opportunities for those in the vanguard, while technology laggards risk becoming obsolete.
According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 68,800 sq. ft in November 2017, with average monthly rent reaching HKD 71.7 per sq. ft -- 0.3% higher than in October 2017.
Hong Kong's private residential completed are forecasted to climb 52% from an average of 14,500 flats per year over the last four years.
According to JLL, for the second consecutive year, Hong Kong's Central commands the world's most expensive premium office rent, at an average of $323 per sq. ft per annum (about HKD210 per sq. ft per month).
According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 155,600 sq. ft. in October 2017, helping edge rents 0.3%.
Hong Kong led the Asia Pacific region by volume of hotel investment transactions, with 11 deals worth a total of nearly $1.5 billion in the year to September 2017.
According to new research from JLL, property technology - or PropTech - start-ups in Asia Pacific are outpacing their counterparts in Europe and the United States with 179 of them raising around $4.8 billion in funding since 2013.
According to JLL's latest monthly Property Market Monitor released this past week, new office lettings in Central Hong Kong surged 47% month-over-month in September 2017.
According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world.
Hong Kong is once again the world's highest-priced office market according to CBRE's semi-annual Global Prime Office Rents survey.
According to CBRE, Australia's commercial real estate remains an attractive asset class for offshore capital, with foreign investors accounting for 33% of all transaction activity in the first half of 2017.
Commercial property investors are allocating more capital to real estate worldwide, with Asian investors now accounting for five of the 10 biggest cross-border spenders.
According to JLL's latest Hong Kong Monthly Market Monitor report, returning office stock arising from expiring leases led to a net withdrawal of 16,000 sq. ft in the Grade A office market in June 2017.
Macau's gaming revenue recorded y-o-y growth for the 11th month in a row, driving A residential property market rebounded amid the robust primary sales, leading to strong price growth in some of the residential projects.
According to JLL's latest white paper - Up, Up and Away: The Rise and Rise of Hong Kong's Residential Market, JLL expects Hong Kong's housing prices to grow 15% in the coming 30 months given strong demand from owner-occupiers