ZADC
Office hunters take note – it’s your market now!
OVERSUPPLY, LOW TAKE-UP AND INCREASED COMPETITION PUTS TENANTS IN THE DRIVER’S SEAT With more supply entering an already diluted playing field, the office market is expected to face increased competition this year as new buildings (and old) scramble to avoid low occupancy rates. That means landlords will have to... Read more
Could interest rate hikes lead to price adjustments?
PRICES HAVE TO COME DOWN IN ORDER TO AVOID SOURING INTEREST IN THE PROPERTY MARKET   While Bank Negara Malaysia’s move to raise interest rates is largely seen as unavoidable and necessary by most economists, there is also serious concern about how this may impact the property sector. Currently,... Read more
How offices are making staff, community feel great
EMERGING TREND: SHARE SCHEMES OF OFFICES DOUBLING UP AS PUBLIC SPACES BY Zoe Phoon A growing number of offices around the world are now opening up and offering more to their local area, creating imaginative hubs not just for their staff but for the locals, too. Building owners and... Read more
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
Whither the Asia Pacific office market?
ADAPT TO STAY RELEVANT, CHANGE OR BE CHANGED BY Zoe Phoon The 2017 ULI Asia Pacific Capital Markets Forum held in Singapore recently drew 40 leading executives from the world of real estate capital markets and investing where they brainstormed topical issues facing the industry. According to a report... Read more
Introducing the Pod that kills stress at work
FUTURE OFFICE DESIGNS COULD INCLUDE ‘BREAKOUT PODS’ TO REDUCE STRESS AND IMPROVE PRODUCTIVITY BY Zoe Phoon Dutch creators, architect firm UNStudio and social design agency Scape, envisage many big companies will install “breakout pods” at their workplace in the near future. Examples are secluded pods that allow workers to... Read more
Still subdued… still “waiting and seeing”
KNIGHT FRANK REAL ESTATE REPORT REVEALS WE’RE NOT OUT OF THE WOODS YET, BUT THERE ARE SOME POSITIVES TO HOLD ON TO BY Chris Prasad The prolonged lull in the property market is now reaching a point of immense frustration for industry players. Investors are still suffering the jitters,... 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
Dubai hosts world’s 1st 3D printed office
TRAILBLAZING EXAMPLE OF COMPUTER-CONTROLLED FABRICATION IN BUILDING CONSTRUCTION BY Zoe Phoon The building’s name, Office of the Future, may appear ordinary, but what its architect Killa Design has developed is anything but that. Office of the Future is the world’s first fully functional and permanently occupied 3D printed office... 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