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.
With luxury site losing appeal, mass residential sites gain traction amongst developers
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%.
Grade A office vacancy rate rises to 12.1% in December 2022
New completions pushed the vacancy rate up.
‘Subdued’ market sentiment speeds up home prices decline: report
Mass residential capital values dropped by 3.1% MoM in December, JLL said.
Investment market in Hong Kong’s retail space ‘quiet’ in 2022: JLL
There were only a handful of lump sum transactions recorded during the year.
Overall office rent declines by 3.7% in 2022: JLL
Vacancy rate in end-December rose due to new completions.
Retrofitting old buildings will increase rents, tenant satisfaction
JLL research showed that retrofitting old buildings will be cost effective.
How long will it take for the primary market to digest piled-up new housing supply?
There are 79,000 new homes available in the city.
New completions raise Grade A office vacancy rate to 11%: JLL
The completion of Two Taikoo Place contributed to the vacancy rate.
Hong Kong’s construction prices remained steady: JLL
The average fit-out cost is US$130 per sqft.
Self-storage operators lift industrial investment in October
Amongst these operators is Storhub.
Self-storage operators lift industrial investment in October
Amongst these operators is Storhub.
Retail spaces in non-core areas continue to pull investments
The retail podium at Coo Residences in Tuen Mun was sold for $450m.
Residential transaction volume drops in October amidst wondering economy
Units sold in the primary and secondary markets were at 672 and 2,476, respectively.
Office net effective rents drop 0.6% MoM in October
Across submarkets, Central posted the largest drop in rents.
Residential building in Yau Yat Chuen sold for $2.075b via auction
It was sold to Bremont Investment Limited.
Property market ends downcycle
Real estate expert, Cathie Chung, said that the market will have a reset by 2023.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong