According to JLL's latest Property Market Monitor, Hong Kong's grade A office rents declined moderately across all major office submarkets as overall office rents dropped 1.0 percent month-over-month in October 2020.
A business model where tenants pay membership fees instead of rent, as landlords are compelled to keep up with increasing vacancies and rapid rise of new digital economy.
Asia Pacific commercial real estate investment showed signs of recovery in the third quarter of 2020 with $35 billion in direct transactions committed between July and September 2020.
The office climate in Singapore was relatively subdued in Q3 2020 as the majority of the workforce continued to work from home.
Global real estate consultant JLL's latest Property Market Monitor research is reporting this week that Hong Kong's overall Grade A office rents further contracted in September 2020.
According to new data by JLL Research, India's office market witnessed a net absorption of 5.4 million sq. ft in quarter ending September 2020 (Q3), an increase of 64% versus quarter ending June 2020 (Q2).
According to JLL's latest Property Market Monitor report released this week, Hong Kong's overall Grade A office rental market is declining at a more moderate level in August 2020, as the COVID-19 pandemic's third wave recedes.
Based on a new survey by international property consultant JLL, over 93 percent of corporate real estate leaders believe their business or recovery plans to mitigate the impact of the pandemic will be successful.
As Singapore's economy started to reopen in June 2020 during the global Coronavirus pandemic, the residential property market enjoyed relatively brisk activity that translated into an appreciable uptick in transaction volumes.
In the midst of the COVID-19 outbreak and deepened economic weaknesses, monthly transactions volume of high-end residential properties in the first half has dropped visibly compared to previous years in Hong Kong.
Residential sales are anticipated to fall sharply in the short run, as new projects slated for sales will likely be postponed when the third wave of COVID-19 continues to hit the city.
Ample liquidity and a low-interest environment has continued to support investments in the commercial property sector in Q2 2020.
The global economy has been badly hit by the COVID-19 pandemic as it hindered economic activities and travels between countries.
Global property consultant JLL is reporting this week that the full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in the second quarter of 2020 than the previous quarter.
Capital values of mass residential remain resilient in H1 2020, but the rising unemployment rate will weigh on housing prices by the end of this year.
The primary growth node in the Greater Bay Area (GBA) as its concentration of highly innovative and technically-advanced industries could help stimulate economic development.
Hong Kong's luxury residential market gained momentum in May as quantitative easing started to take effect after a relatively quiet period since Christmas/New Year
60% of the operators surveyed believe that it will take between 13 to 24 months for their portfolio to return back to 2019 RevPAR levels.
The average annual price appreciation for all 150 cities tracked by the latest Global Residential Cities Index was 4.3 percent
Hong Kong's Central's Grade A office rents fell 2.7% to HKD 102.4 per sq. ft in May 2020 as the vacancy rate reached 5% for the first time since the Global Financial Crisis in 2008.
