The WPJ

Philippines

Japan is Top Cross Border Commercial Property Investment Target in 2024

According to CBRE's 2024 Asia Pacific Investor Intentions Survey, Japan is the top target for cross-border real estate investment in Asia Pacific for the fifth consecutive year, with investors focusing on Tokyo, Osaka, and other major regional cities.

Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin

According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7%.

Worldwide Ultra Luxury Home Sales Dip in Q3

According to new research by Knight Frank, global super-prime ($10m+) residential sales fell 2.4% in Q3 2023 on a year-on-year basis, with 362 sales across the 12 markets covered in the three months to September compared to 371 in the same period last year.

Asia Pacific Commercial Investment Dives 22 Percent in Q3

According to JLL, commercial real estate investment activity in Asia Pacific declined 22% year-on-year in the third quarter of 2023, recording the lowest quarterly figure since Q2 2010.

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