Global accountancy network BDO predict 2016 will be a year of uncertainty for the Asian Real Estate market.
This week the Federal Open Market Committee (FOMC) raised U.S. interest rates for the first time since 2006. The 25-basis-point (bps) increase to the target federal funds rate was widely anticipated.
Cross-border property investment in Asia accounted for 36% of total turnover year-to-date - rising 36% quarter-on-quarter to $10.6 billion - marking this the highest total recorded since 2008.
According to CBRE's newly released Global Living Report: A City by City Guide, Hong Kong continues to hold its position as the world's most expensive residential location with an average of $1,416 per sq. ft.
Organizations all across Asia are now under pressure to drive down costs by increasing their workplace 'static density'--the space per sq. ft. per workstation.
According to CBRE, investment in Asia's property sector turnover grew 12% quarter-on-quarter in Q2 2015 to US$21 billion, despite a 21% year-on-year decline in investment turnover against a strong 2014.
Asian cross-border commercial real estate (CRE) investment in Q1 2015, at $8.6 billion, constituted the strongest recorded Q1 outbound performance since major Asian outflows began.
Based on a new report by CBRE, overall vacancy in Asia in Q1, 2015 increased for the first time in two years rising to 9%, due to slower leasing activity and the large volume of new office supply scheduled for completion in 2015.
Knight Frank reports this week skyscraper prime office rents in New York have dramatically increased by 20% to hit $150.00 per sq ft since July 2014.
Tokyo cemented its lead as the top destination in the APAC region for market entries by international retailers, as cities in Asia Pacific saw 464 new retail entrants in 2014.
Asian intentions to invest in commercial property assets will remain strong this year with Tokyo being the most active market in 2015.
Despite a slowing Asian economy, commercial property investing in the region is expected to remain strong in 2015 as appetite for prime core assets rises.
London's West End is the world's most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong.
According to CBRE, Asian investment in European hotels will reach US$22.7 billion in 2015, fueled by the liberalization of domestic controls governing outbound investment.
Nearly US$3 trillion of the world's private wealth is held in owner-occupied residential properties.
According to a new report by CBRE Asia, 2015 looks to see continued demand for modern warehousing and logistics space in most markets in APAC region.