Macau Real Estate News
Macau
Macau's Property Market Recovery Dampened by Interest Rate Hikes in 2023
According to JLL's Macau mid-year 2023 property market review, the reopening of borders in the early part of this year buoyed the retail leasing market significantly in Macau. However, the weakening global economy and mainland China's slowdown coupled with the interest rate hikes has affected the recovery of the local real estate market.
While Global Commercial Transactions Dip 20 Percent in 2022, Japan Was Spared
CBRE Japan is reporting that while commercial real estate transaction volume declined by 20% year-over-year globally in 2022, investment volume in Japan remained largely unchanged, with only a 2% fall from the previous year.
Macau Property Market Remains Hobbled in 2022
According to JLL in its 2022 Macau Mid-year Property Review and forecast, Macau has been gradually back to normal with the new wave of COVID-19 pandemic that emerged in the middle of the year being brought under control.
Hong Kong Sees Increased Investment Demand for Cold Storage Real Estate
Investment in Asia Pacific's cold storage market is expected to grow fivefold in the next decade, driven by a shortage of new supply, outdated existing facilities and rapidly changing consumer demands created by the widespread adoption of online grocery shopping.
