Shanghai Real Estate News
Shanghai
Asia Pacific to Enjoy Record Commercial Investment in 2022 as Markets Reopen Post Covid
According to CBRE's 2022 Asia Pacific Real Estate Market Outlook report, a record year for Asia Pacific commercial real estate investment is expected in 2022, driven by steady economic growth and pent-up investor demand.
Asia Pacific Commercial Investment to Increase 15 Percent in 2022
Global real estate consultant JLL expects 2022 investment volumes to be around $200 billion or over 15% above the full-year estimate for 2021, which currently stands at $162-169 billion. This forecast is despite renewed uncertainty over the societal and economic impact of Covid-19.
Luxury Residential Sales in Hong Kong Hits Historic High in 2021
According to JLL's latest Hong Kong Residential Sales Market Monitor Report, the luxury residential market in Hong Kong swiftly picked up in 2021 after a relatively quiet 2020. Transactions of high-value units (over HKD 100 million) in the first nine months hit a historic high.
Hong Kong Office Buildout Costs Rebound 9 Percent in 2021
According to JLL's Asia Pacific Fit-Out Cost Guide 2021/2022, Hong Kong's average cost of designing and building office workspaces has rebounded 9% year-on-year and is now back to the level prior to onset of the Covid-19 pandemic.
