JLL
JLL is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021.
Office space negotiations more active as overall vacancy rate drops in March
Office space negotiations more active as overall vacancy rate drops in March
This is the first drop since May 2022, JLL said.
Over 85% of first batch of 23 WCH Grade A office units sold
The sale amounted to over $700m.
Faster recovery awaits Hong Kong’s high-end hotels
JLL expects the sector’s transaction activity to reach US$1b by Q423.
Compulsory sale applications drop 24% in 2022
But JLL expected a more visible return in the second half of 2023
Ap Lei Chau buildings sold for $157m in public auction: JLL
The sites were sold to Sky Dynamic International Investments Limited.
Viva Place up for lease
The 27-storey building has a total gross floor area of 300,000 sq ft.
Sheraton & Four Points up for sale
The property has 1,219 rooms.
Office market posts positive net absorption in February
This is the first time after three consecutive months of negative absorption.
How sluggish trade activity is affecting industrial leasing
Aggregate trade dropped 33.4% YoY in January.
Home sales rise in February
There were 4,282 units sold during the month.
Retail leasing sentiment picks up in February
A notable transaction during the month was the ground floor of 14 Canton Road.
Grade-A office vacancy rate rises to 12.3% in February
The increase was partly due to the completion of S22 in Wong Chuk Hang.
Residential property at Ap Lei Chau for sale at $157m
It is 2.4k-square foot which includes two buildings.
Residential market to post slow growth after border reopening
Buyers hold a wait-and-see approach until the economy improves.
Negative absorption seen in Grade A office market in January
JLL linked this to the Chinese New Year, traditionally a low season.
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
Real estate investment volumes in APAC to fall 5%-10% in 2023
In 2022, volume declined by 25%.
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