Asia Pacific Residential Real Estate News
Asia Pacific Residential
Dubai Leads the World for Residential Property Price Growth in 2023
Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date.
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.
Globally, Waterfront Properties Enjoy a 118 Percent Price Premium in 2023
Based on Knight Frank's 2023 Global Waterfront Index, waterfront property generated a 118% premium on average around the world, down only marginally from 121% last year, as Sydney retains the top spot.
Luxury Branded Residences Enjoy Global Growth Despite Economic Uncertainties
Based on Knight Frank's newly released Global Branded Residences Report 2023, the branded residences property sector has enjoyed sustained growth despite significant recent global economic turmoil.
