To minimize the impact of the new vacancy tax, developers are likely to switch more unsold luxury flats from the sales to leasing market.
According to the latest Property Market Monitor released by JLL, office rents overall in Hong Kong grew 0.9% month-over-month in June 2018, bringing growth for the first half of 2018 up to 3.6%.
According to JLL's mid-year 2018 Hong Kong property forecast, the upward march of housing prices will slow in the second half after the Government introduced a new vacancy tax and restrictions on the Pre-sale Consent Scheme.
JLL is reporting this week that Asia Pacific's mature economies such as Singapore, Hong Kong and Japan have a significant opportunity to advance real estate transparency through proptech adoption.
Global property consultant JLL is reporting this month the extended stamp duty rebate window has failed to help home upgraders in Hong Kong.
According to JLL's latest Property Market Monitor, rents in Hong Kong's office markets grew at their fastest pace in more than two years amid a tight vacancy environment and an active leasing market.
The rise of e-commerce is expected to post significant growth and disrupt the local retail market in next few years.
270 Park Avenue in New York City will become the tallest building ever conventionally demolished, as well as the first building over 200 meters in height to be peacefully razed.
According to JLL, Hong Kong remains uniquely globally-oriented within China's system of cities. The Special Autonomous Region (SAR) continues to act as a linking point between Mainland China and the world.
According to JLL's latest Property Market Monitor report, strong leasing momentum driven by tenant decentralization and sustained expansionary requirements from PRC occupiers has pushed rents up in the office market as a whole.
Cities in Asia Pacific and worldwide are getting smarter, but they must be ready for the Cyber security risks that accompany the growing adoption of tech-enabled real estate and infrastructure.
Increased interest in self-storage facilities, data centers, student accommodation, education and aged care as investors chase yield
A tight vacancy environment and rising rents continues to drive larger occupiers to seek office space beyond Central into other submarkets on Hong Kong Island, including Hong Kong East.
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.