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.
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 ...
Read more.KF: Luxury residential property in Shanghai yields 2.8% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Shanghai were 2.8%. The average price for luxury residential space transacted was USDx13,480 per square metre (psm). Average rents were USD29.00 psm per month. At the end of the quarter, the vacancy rate was 6.2%. Indicators highlighted by KF for the quarter included a 440% rise in new luxury home supply (to 800,000 square metres) in 4Q15 versus 4Q14 and a 61% rise in new luxu...
Read more.KF: Luxury residential property in Beijing yields 2.8% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Beijing were 2.8%. The average price for luxury residential space transacted was USD10,064 per square metre (psm). Average rents were USD23.7 psm per month. At the end of the quarter, the vacancy rate was 12.3%. Indicators highlighted by KF for the quarter included greater interest in property investment on the part of HNWIs who were concerned about the slowing economy and vol...
Read more.KF: Prime office prices and rentals to track sideways in Taipei in 1Q16
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Taipei to track sideways in 1Q16. Rentals are also expected to move sideways through the first three months of 2016. Major sales transactions in Taipei during 4Q15 included around 95% of the HQ Building of CTBC Bank in Xinyi for USD460mn and six floors of the Yuanta Financial Holding Building in Songshan, for USD134mn or USD13,511 per square metre. Major leasing transactions inclu...
Read more.KF: Prime office prices to track sideways and rentals to rise in Hong Kong in 1Q16
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Hong Kong to track sideways in 1Q16. Rentals are expected to rise through the first three months of 2016. Major sales transactions in Hong Kong during 4Q15 included the MassMutual Tower in Wanchai, for USD1,613mn or USD50,528 per square metre and the West Tower of One HarbourGate in Hung Hom, for USD755mn or USD20,673 per square metre. Major leasing transactions included 8,454 squ...
Read more.KF: Prime office prices to rise and rentals to fall in Guangzhou in 1Q16
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Guangzhou to rise in 1Q16. Rentals are expected to fall through the first three months of 2016. Major sales transactions in Guangzhou during 4Q15 included a high floor unit in R&F Yinghai Plaza in Tianhe, for USD20.4mn or USD8,146 per square metre, and a high floor unit in Top Plaza in Tianhe, for USD36.0mn or USD8,308 per square metre. Major leasing transactions included a mid fl...
Read more.KF: Prime office prices and rentals to rise in Shanghai in 1Q16
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Shanghai to rise in 1Q16. Rentals are also expected to rise through the first three months of 2016. Major sales transactions in Shanghai during 4Q15 included Plot 2E5-1 in the CITIC Shipyard Project in Pudong, for USD1,402mn or USD9,275 per square metre, and Manpo International Plaza in Changning, for USD230mn or USD7,222 per square metre. Major leasing transactions included a 61s...
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