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.
This week the Council on Tall Buildings and Urban Habitat (CTBUH) Awards Jury selected Bosco Verticale in Milan, Italy as the "2015 Best Tall Building Worldwide".
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.
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.
CBRE Asia is predicting that domestic and Asia-regional firms will drive leasing markets in APAC in 2015.
A recovery that began to emerge late in the third quarter of 2014 couldn't help Thailand's hotel industry overcome a dismal first half of the year as the industry reported an occupancy decline of 11.3 percent.
Office leasing momentum generally remained steady across the Asia-Pacific (APAC) region in Q3, 2014.