According to JLL in its Macau Year-end Property Review 2020, Macau's overall property market experienced a relatively moderate contraction in 2020, thanks to its success in having Covid-19 under control locally.
The annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.
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.
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