According to CBRE's newly released 2023 Asia Pacific Real Estate Market Outlook Mid-Year Review, a continued challenging environment for the Asia Pacific commercial real estate investment market still persists due to the prolonged interest rate hike cycle, insufficient price corrections, and a slower than expected recovery of mainland China.
Based on new data from JLL, Asia Pacific hotel investment volumes declined by 51% year-on-year in the first half of 2023 as macroeconomic challenges and the rising cost of debt influenced capital deployment.
According to a new survey by CBRE, employees in Asia Pacific are leading the way in the return to the office, with office utilization rates in the region reaching 65%, compared to 50% in the U.S. and Europe.
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.
According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
Posted on May 09, 2023
Posted on March 30, 2023
Posted on January 03, 2023
Posted on December 30, 2022
Posted on December 05, 2022
Posted on October 13, 2022
Posted on September 02, 2022
Posted on May 24, 2022