Only two remaining residential sites to be tendered on the Kai Tak runway could enjoy Victoria Harbour views after the government awarded the tender for Kai Tak Area 4C Site 1 site.
According to global real estate consultant JLL, although the US-China trade war has cast a shadow over Hong Kong's economy, the industrial property market continues to be a bright spot.
Rising cost of leasing prime office space accelerated across the globe due to continued economic growth, job gains and limited availability of prime space in certain markets.
According to JLL's latest Residential Sales Market Monitor Report, the price premium commanded by new mass residential flats sized 752 sq. ft and under on Hong Kong Island against the New Territories has narrowed from 90% to 79% over the past five years.
In 2018, flexible workspace centre supply in Kuala Lumpur grew by 36%, making it the fastest growing key city in the APAC region, outpacing fast-growing markets in Gurugram, Chennai, Brisbane, Hong Kong, Sydney and Singapore.
Based on JLL's latest whitepaper Shenzhen's Tech Prosperity Drives Office Demand, technology companies are spurring global demand for office space, and this phenomenon is particularly pronounced in Shenzhen, China.
The National Association of Home Builders' chairman Greg Ugalde issued the following statement after this yesterday's House and Ways Means Committee hearing in Washington DC on US-China trade:
Thirty one percent of Australian development sites in 2018 were bought by Chinese developers who purchased $1.3 billion worth of Australian residential development sites in 2018. This figure was down from $2.02 billion in 2017, or one-third of all site sales.
According to Knight Frank's latest Global Outlook Report, Hong Kong will retain its title as the world's most expensive office market despite rents being forecast to decrease in 2019.
Global commercial real estate consultant JLL is reporting this week that Asia Pacific's overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down.
The strike rate of People's Republic of China (PRC) developers in Hong Kong's government land sales market dropped notably in 2018.
According to JLL's Residential Sales Market Monitor released this week, the first day sell-through rates for newly launched mass residential projects (where over 80 units were launched in the first batch of sales) dropped significantly in October 2018.
According to new research by CBRE, real estate debt in Asia Pacific is increasingly cementing itself as an alternative investment class as global investors seek new opportunities to deploy capital into this sector.
The private education market in Asia Pacific is a rising property investment sector, a trend driven by the region's demand for high-quality international schools focusing on English study.
According to global property consult JLL, Hong Kong, Singapore, Sydney and Tokyo are the preferred locations for data centre investment in Asia Pacific, thanks to the robust infrastructure, connectivity and relative ease of doing business.
According to CBRE Asia Pacific, flexible office space is expanding rapidly across the entire Asia Pacific region driven by maturing occupier requirements for flexible working environments.
According to global real estate consultant CBRE, commercial real estate investment volume in the U.S. totaled $118.8 billion in Q2 2018, an increase of 1.7% from Q2 2017.
To minimize the impact of the new vacancy tax, developers are likely to switch more unsold luxury flats from the sales to leasing market.