According to Knight Frank's prime residential price forecast in 2021, with luxury prices in the city expected to rise 10% over the year, Sydney is leading the way.
According to CBRE's latest In and Out Report, offshore property investors have upped the ante in the Asia Pacific region, accounting for 41% of the $15.6 billion (USD) in office, retail, industrial and hotel property transactions finalised in H1 of 2021.
Singapore-based real estate consultant EDMUND TIE is reporting this week that property investor sentiment and activity continued to improve in 2Q 2021, driven by the steady momentum of the vaccination program.
International property broker Knight Frank's latest Global House Price Index is reporting that urban house prices worldwide are rising at their fastest rate since 2007 and of the 150 cities they track, 43 are now registering annual price growth above 10%.
Asia Pacific hotel investment remained flat in the first half of 2021 with $3.7 billion in sales, a decline of 3.7% year-on-year. In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms.
Posted on June 25, 2021
Posted on June 22, 2021