Currie & Brown – Global cost prediction report

(6 February 2023, Hong Kong) Developers are losing appetite for acquiring luxury residential sites and have shifted their focus to mass residential sites due to slow sales velocity, increasing financing costs and longer payback periods of luxury residential developments, according to JLL’s latest Residential Market Monitor released today. Developers have become more conservative in land [...]

(6 February 2023, Hong Kong) Hong Kong has reconfirmed its position as a top data center market globally in Cushman & Wakefield’s latest Global Data Centre Market Comparison report. The annual report, now in its fourth year, ranks major data center markets around the world according to 13 weighted categories, including market size, fiber connectivity, power cost and environmental risk, [...]

(30 January 2023, Hong Hong) Hong Kong SAR is one of the top three preferred destinations for cross-border expansion in Asia Pacific as retailers are seeing opportunities driven by a return of tourists, government stimulus as well as strong domestic consumption, according to CBRE’s 2023 Asia Pacific Retail Flash Survey. Tier 1 cities in Mainland China have topped the ranking as the most [...]

(19 January 2023, Hong Kong) Hong Kong ranks fifth in the top target cities for cross-border investment, returning to the top five after a four-year absence., according to CBRE’s 2023 Asia Pacific Investor Intentions Survey. Hong Kong has returned to the top five Asia-Pacific investment destinations with Tokyo being the top preferred target market, followed by Singapore(#2), Ho Chi Minh [...]

(19 January 2023, Hong Kong) The overall Grade A office vacancy rate rose to 12.1% as of the end of last year due to new completions, according to JLL’s latest Hong Kong Property Market Monitor released today. However, JLL believes the reopening of mainland China’s borders will positively affect Hong Kong’s office market and the impact will be more visible in the second half [...]

(12 January 2023, New York, USA) Leading CEOs made a pledge today to reduce their real estate emissions by 50% by 2030 and reach net-zero carbon no later than 2050. With buildings contributing 38% of all energy-related greenhouse gas emissions, leaders across all industries have a critical role to play in lowering their global real estate emissions. “While real estate represents nearly 40% [...]

(12 January 2023, Hong Kong) International real estate firm Savills has forged the first large transaction in 2023, the commercial development of Florient Rise, West 9 Zone at No. 38 Cherry Street, Tai Kok Tsui, Kowloon. The property was sold to Sunlight REIT for HK$748 million. The property has an approximate gross floor area of 58,836 square feet. The property is well positioned with a [...]

(11 January 2023, Hong Kong) As businesses grapple with the current energy crisis and prepare for it to worsen, new research from JLL finds that rising energy costs are expediting the move towards more efficient buildings. JLL’s Retrofitting Buildings to be Future-Fit research reveals that net-zero carbon (NZC) intervention measures directly impact a building’s bottom line and [...]

(20 December 2022, Singapore) Asia Pacific real estate investment volume is expected to fall 5 to 10% in 2023, moderating further after a year-on-year decline of 25% in 2022. According to new research from global real estate consultant, JLL (NYSE: JLL), this forecast is due to the tumultuous economic and financing conditions weighing on sentiment. The hotel sector, however, is expected to [...]