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.
JLL: 2014 sees no new rooms added to luxury hotels in Macau
According to Jones Lang LaSalle IP’s report ‘Hotel Destinations Asia Pacific’, no new rooms were added to Macau’s luxury hotels in calendar 2014. Over the year as a whole, the city received 31.5mn international visitors. The average occupancy rate was 90.6%. The average daily rate (ADR) per room was USD211 per night. Revenue per available room (REVPAR) was USD191 per night. ...
Read more.JLL: 2014 sees 1,750 new rooms added to luxury hotels in Hong Kong
According to Jones Lang LaSalle IP’s report ‘Hotel Destinations Asia Pacific’, some 1,750 new rooms were added to Hong Kong’s luxury hotels in calendar 2014. Over the year as a whole, the city received 60.8mn international visitors. The average occupancy rate was 78.5%. The average daily rate (ADR) per room was USD476 per night. Revenue per available room (REVPAR) was USD373 per night. ...
Read more.JLL: 2014 sees 617 new rooms added to luxury hotels in Sri Lanka
According to Jones Lang LaSalle IP’s report ‘Hotel Destinations Asia Pacific’, some 617 new rooms were added to Sri Lanka’s luxury hotels in calendar 2014. Over the year as a whole, the island received 1.5mn international visitors. The average occupancy rate was 72.0%. The average daily rate (ADR) per room was USD114 per night. Revenue per available room (REVPAR) was USD82 per night. ...
Read more.JLL: 2014 sees 280 new rooms added to hotels in Maldives
According to Jones Lang LaSalle IP’s report ‘Hotel Destinations Asia Pacific’, some 280 new rooms were added to the Maldives’ hotels in calendar 2014. Over the year as a whole, the city received 1.2mn international visitors. The average occupancy rate was 68.4%. The average daily rate (ADR) per room was USD756 per night. Revenue per available room (REVPAR) was USD517 per night. ...
Read more.Henderson Land: Land bank of 7.65mn square feet of GFA/Saleable Area
In a presentation to investors in relation to its 2014 result, on 23 March 2015, Henderson Land Development Company highlighted the size of its land bank in Hong Kong, which amounts to 7.65mn square feet of GFA/Saleable area. This includes: major developments that have already been launched; new projects for sale/pre-sale and leasing in 2015; five existing urban redevelopment projects; 40 newly acquired urban redevelopment projects and; two newly acquired land sites from public tenders...
Read more.CBRE: Japanese shoppers checking prices online, buying in physical shops.
In February 2015, CBRE Inc. published its APAC Consumer Survey for Japan. A survey of 1,000 Tokyo shoppers found that 59% check prices/product details in physical stores, while 89% do so online with a laptop/desktop. However, 83% actually buy at physical stores, while 89% buy using their computers. Numbers buying through smartphones, tablets and mail order catalogues are 20%, 11% and 16% respectively. ...
Read more.CBRE: Japanese shoppers prize low prices, convenience and cleanliness in physical shops
In February 2015, CBRE Inc. published its APAC Consumer Survey for Japan. A survey of 1,000 Tokyo shoppers found that low prices, convenience, cleanliness, security and range of products are the most important features of physical shops. Least important factors include: free wifi, entertainment facilities, parking, and availability of foreign brands. ...
Read more.Aldar: 2014 an exceptional year
Aldar Properties PJSC announced a full year net profit for 2014 of AED2.27bn. Revenues were AED6.55bn, or 22% higher, thanks to the hand over of units at the Gate Towers and higher recurring revenues. Describing 2014 as ‘exceptional’, CEO Mohammed Khalifa Al Mubarak noted that Aldar’s development plan has the potential to launch 7,300 residential units in the next 4-5 years. ...
Read more.Aldar Properties PJSC announced a full year net profit for 2014 of AED2.27bn.
Aldar Properties PJSC announced a full year net profit for 2014 of AED2.27bn. Revenues were AED6.55bn, or 22% higher, thanks to the hand over of units at the Gate Towers and higher recurring revenues. Describing 2014 as ‘exceptional’, CEO Mohammed Khalifa Al Mubarak noted that Aldar’s development plan has the potential to launch 7,300 residential units in the next 4-5 years. ...
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