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Pessimism lingers among Malaysian developers
CAN THE UPCOMING BUDGET 2018 PROVIDE IMPETUS TO LIFT SPIRITS? Remember how market players were more optimistic about 2017 back in 2016? Well, things evidently haven’t panned out as planned and this has soured the overall mood considerably. If ever there was a sign that developers remain jittery about the... 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
VR Tech poised to put a new spin on property
Virtual Reality is starting to make an impact in the property industry, and while a handful of companies have already experimented with this technology as part of their sales drive, the participation of an Australian digital advertising company in the local market now promises to considerably enhance the buyer... Read more
World’s most expensive office markets revealed
HONG KONG, LONDON AND NEW YORK TOP THE LIST Hong Kong (Central) and London’s West End continue to command the highest prime office occupancy costs in the world, says CBRE Research’s annual Global Prime Office Occupancy Costs report. Hong Kong central district’s overall prime occupancy costs of US$303psf (US$1... Read more
Despite economic turmoil, ultra-rich individuals on the rise
ASIA CLOSING IN ON U.S. AS KEY HUB FOR UHNWIs BY 2026, SAYS KNIGHT FRANK WEALTH REPORT BY Chris Prasad Global real estate firm Knight Frank has just released the 11th edition of The Wealth Report, and the results are revealing as well as more than a little surprising.... Read more
Singapore poised for rebound, say analysts
The long downtrend period for Singapore’s housing market may be coming to an end, say market watchers, noting that there are now signs of a potential rebound. In an interview with CNBC, Cushman & Wakefield’s managing director of Asia Pacific research Sigrid Zialcita told the news network that she... Read more
Which Asian cities offer the best property bargains in 2017?
PwC RATES INDIAN CITIES AS TOP TWO CONTENDERS A report from international business news agency Bloomberg cites India as not only the fastest growing economy in the world, but also a market that will offer the best real estate investment deals in the year ahead. A global survey has ranked... Read more
Average house prices STILL on the rise globally
BY Chris Prasad The overall climate of political and economic uncertainty has done little to slow down rising house prices globally, says international property firm Knight Frank. In its latest Global House Price Index report, the firm’s global research shows that average house prices around the world rose at... Read more
Self-healing concrete no longer science fiction
BY Zoe Phoon This may sound like something out of a sci-fi novel, but trust us when we tell you that self-healing concrete is not only a reality, it is expected to hit the market by this year. Concrete is the world’s most-used building material. However, cement production creates... Read more
Subdued property market means it’s a tenant’s market
Last year was a challenging year for the property market, especially with both high-end condominiums and offices witnessing remarkably subdued activity. In its summary of market highlight for the second half of 2016 and the outlook for the current year, global property firm Knight Frank Malaysia (KFM) said homebuyers... Read more