ZADC
JLL
CapitaLand purchases Asia Square Tower 2
Leading Singapore real estate company, CapitaLand, has agreed to buy Asia Square Tower 2 (AST2) marking the largest office transaction in the entire Asia Pacific region this year. AST2 is part of a world-class commercial development in Singapore’s Marina Bay business and financial district, and CapitaLand’s is reportedly paying... Read more
Asian Investors zero-in on US, UK, German commercial markets
In general, commercial property investors are allocating more capital to real estate worldwide, but Asian investors, in particular, now represent five out of the 10 biggest cross border spenders in 2017. According to a recent Jones Lang LaSalle (JLL) report, Inter-regional investment reached US$19.5 billion (RM83.3 billion) in Q2... Read more
Rising demand for co-working office space in HK
Leasing activity remains robust in Hong Kong, despite a contraction of the occupier market, and this is largely led by demand from co-working and serviced office operators looking out for expansion opportunities. According to the latest Monthly Market Monitor on Hong Kong by Jones Lang LaSalle, as at June... Read more
Shanghai surpasses Tokyo as top Asia-Pac investment destination
Shanghai officially became the top city for real estate investments in the Asia-Pacific region in the fourth quarter of last year, displacing Japan’s capital city of Tokyo which had long-held the top spot. According to a report by Jones Lang LaSalle (JLL), China’s most high-profiled city is also now... Read more
Hong Kong stamp duty tax fails to curb price growth
A report on residential sales performance in Hong Kong by Jones Lang LaSalle (JLL) revealed that the mass residential capital value index climbed 0.5 per cent over the last two months. This indicates that the stamp duty hike of 15 per cent on all residential transactions has failed to... Read more
Indons have higher budgets for S’pore properties
Among the top foreign buyers of properties in the Island Republic in the first none months of 2016, Indonesians have higher budgets with most of their deals around S$3 million (RM9.3 million), Singapore’s Business Times reported, quoting real estate consultancy JLL. According to findings from a JLL study, Indonesians... Read more