According to JLL's latest Hong Kong Property Market Monitor, positive net absorption was recorded in the overall Grade A office market for the third consecutive month, at 9,100 square feet in December 2021.
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.
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.
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.
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.
Posted on August 05, 2021
Posted on June 22, 2021