Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
CBRE: Logistics rents Guangzhou up 4% in 2016
In its Asia Pacific Market Outlook 2016, CBRE highlighted how growth in rents on prime logistics property across the region will likely slow in 2016. CBRE noted that it is looking for rents on prime logistics property in Guangzhou to rise by 4% in 2016. In 2015, too, such rents rose by 4%. Supply of new prime logistics space in Guangzhou over 2016 and 2017 is expected to be minimal. Over the five years to the end of 2015, an average of about 2.5 million square feet of prime logistics space becam...
Read more.CBRE: Logistics rents in Shanghai up 5% in 2016
In its Asia Pacific Market Outlook 2016, CBRE highlighted how growth in rents on prime logistics property across the region will likely slow in 2016. CBRE noted that it is looking for rents on prime logistics property in Shanghai to rise by 5% in 2016. In 2015, such rents rose by a little over 4%. Shanghai is the only major market in the region where CBRE expects that rental growth will accelerate. Supply of new prime logistics space in Shanghai over 2016 and 2017 is expected to amount to 7 mill...
Read more.KF: Prime retail property in Taipei yields 2.1% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Taipei were 2.1%. The average price for prime retail property transacted was USD101,962 per square metre (psm). Average rents were USD184.20 psm per month. Indicators highlighted by KF for the quarter included the lack of new supply in the quarter (and the lack of new supply in the near term) and the vacation of some street shops by tenants who could not afford the high rents....
Read more.KF: Prime retail property in Hong Kong yields 2.3% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Hong Kong were 2.3%. The average price for prime retail property transacted was USD275,857 per square metre (psm). Average rents were USD670.10 psm per month. At the end of the quarter, the vacancy rate was 7.3%. Indicators highlighted by KF for the quarter included the sale of non-core shopping arcades (which highlighted the solid demand in mass retail markets) and the 3.1% year-on...
Read more.KF: Prime retail property in Guangzhou yields 5.1% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Guangzhou were 5.1%. The average price for prime retail property transacted was USD42,563 per square metre (psm). Average rents were USD268.20 psm per month. At the end of the quarter, the vacancy rate was 4.3%. KF highlighted how rental growth had been constrained by the the large number of new malls that had been launched in Guangzhou in 2016 – some in core areas....
Read more.KF: Prime retail property in Shanghai yields 6.2% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Shanghai were 6.2%. The average price for prime retail property transacted was USD35,005 per square metre (psm). Average rents were USD263.40 psm per month. At the end of the quarter, the vacancy rate was 7.0%. Indicators highlighted by KF for the quarter included the opening of the world’s largest flagship stores by leading brands such as MUJI, and Innisfree and the 61% rise in t...
Read more.KF: Prime retail property in Beijing yields 5.7% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Beijing were 5.7%. The average price for prime retail property transacted was USD11,018 per square metre (psm). Average rents were USD197 psm per month. At the end of the quarter, the vacancy rate was 2.6%. Indicators highlighted by KF for the quarter included the lack of new supply in prime areas (although Carrefour Siyuan Shopping Mall and Wangjing Pano city opened in Wangjing) an...
Read more.KF: Luxury residential property in Taipei yields 1.5% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Taipei were 1.5%. The average price for luxury residential space transacted was USD15,013 per square metre (psm). Average rents were USD18.40 psm per month. Indicators highlighted by KF for the quarter included a ‘wait and see’ approach by developers and investors in advance of the presidential election and the new property tax system. There was no new supply of luxury ret...
Read more.KF: Luxury residential property in Hong Kong yields 2.3% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Hong Kong were 2.3%. The average price for luxury residential space transacted was USD30,218 per square metre (psm). Average rents were USD56.50 psm per month. At the end of the quarter, the vacancy rate was 8.4%. Indicators highlighted by KF for the quarter included the possibility of a 5% fall in luxury home prices through 2016. KF considers that mass residential prices coul...
Read more.KF: Luxury residential property in Guangzhou yields 3.5% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Guangzhou were 3.5%. The average price for luxury residential space transacted was USD6,263 per square metre (psm). Average rents were USD21.60 psm per month. Indicators highlighted by KF for the quarter included the continued absorption of ‘considerable amount of inventories’ and lower sales. Luxury home supply and luxury home sales fell, respectively, by 3.4% and 11% in ...
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