News
Sydney net office absorption drops to -8,900sqm in Q1
Blame it on major occupiers vacating their offices.
Seoul’s Q1 office leasing activity “outstanding”: JLL
Net absorption has been positive for the past eight quarters.
Hong Kong mass residential prices could hit new highs this year
Consumer sentiment is likely to turn positive in the second half of 2022.
Singapore new home sales hit 6-month high in May
There were 1,356 private homes sold last month.
Perth CBD office vacancy rate up 0.6ppts to 19.7% in Q1
New office stock completions drove vacancies up.
Manila net office absorption finally turns positive in Q1 at 216,900sqm
Net absorption has been negative for four consecutive quarters.
Mumbai prime residential launches up 18.8% to 1,042 units in Q1
South Central Mumbai was the top contributor to this quarter’s new launches.
Singapore Prime Orchard retail rents to grow by 3% this year
Prime Suburban rents are also expected to rise by 2%.
Flight-to-quality still dominates Kuala Lumpur’s office market
Various submarkets continue to experience this trend.
Jakarta office rents down 2.8% in Q1
Rents are expected to continue on a downward trend for the rest of the year.
Bangkok Grade A office vacancy rate to hit 20.3% by year-end
Tenants are expected to continue moving out of older prime buildings.
Why Singapore’s residential leasing market is still on a roll
That’s despite two consecutive quarters of declining transaction volumes.
Australia’s 2022 retail property investment unlikely to surpass 2021 levels
Investments this year are likely to be more “tactical”.
Hanoi Grade A office rents inch up 0.1% in Q1
Net effective rents were at USD 26.8 sqm per month.
Singapore vacant residential stock records biggest quarterly drop since 2009
Vacant stock declined 12% to 20,299 units in Q1 2022.
How much new industrial supply is in the pipeline for Melbourne?
In the West precinct alone, 289,900 sqm of stock could be delivered in 2Q22.
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