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.
Residential sales in July dampened by rate hikes
Residential sales in July dampened by rate hikes
The average mortgage rate reached 2.5% by the end of the month.
Net effective rent of HK offices drop 0.1% MoM in July
Decline in rents was also observed across major office submarkets.
Industrial property leasing market remains subdued in July
Hong Kong suffered a spillover effect from lockdowns in Shanghai.
HK cuts hotel quarantine period down to 3 days
This will be followed by a 4-day medical surveillance.
Property at Sun Chun Street up for public auction
The property has a reserve price of $588.7m.
More than 80% shares of residential property at Kowloon on sale: JLL
The property is estimated to be worth over $180m.
Overall vacancy rate for Grade A office up slightly 9.4% in June
Vacancy rate in Central rose from 7.6% to 7.9%.
Hotel investments in HK swells 70.5% in H122
The market reported $3.9b (US$504m) total sales volume.
Commercial properties investment volumes down 37.9% in H122
It posted $29.2b worth of investment in the first half of 2022.
Residential prices to drop 5% to 10% due to high mortgage rates
Capital values of luxury residential will decline by 0% to 5%.
Fifth wave pushes back retail market in H122
Rents of high street shops and prime shopping centres dropped 9.8% and 4.8%, respectively.
Grade A office market logs net absorption of 1.25 million sq ft in H122
Leading the market in recovery is the Central segment.
Hong Kong is 3rd most transparent property market in Asia
It recorded an overall score of 1.98.
Grade A office market’s net absorption hits 129,000 in May
It is the eighth consecutive month that the office market had positive take-up.
Opening of new East Rail Line section to boost home prices
The extension of the East Rail Line will shorten travelling time for residents.
JLL to close leasing transaction in retail podium Maya by Nouvelle
This is the largest retail leasing deal so far in Kowloon East in 2022.
Net-zero targets uncover HK’s need to increase retrofitting rate: JLL
The city’s real estate sector accounts for 60% of its carbon emissions.
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