Hong Kong News

JLL: APAC commercial property transaction volumes to improve by 15-20% in 2021

The pandemic accelerated industry trends and revealed an exciting ‘opportunity in obsolescence’ in Asia’s commercial property sector As we enter the second year since the coronavirus pandemic wreaked havoc in the world, we are now starting to see some positive light. Outlook for commercial property in Asia is improving as industries stabilise and growth areas prop up demand for office spaces. Traditional sectors like finance and service were hit hard by the coronavirus pandemic, but this may not be fully attributed to the virus. Talking to Bloomberg Markets Asia, JLL APAC CEO Anthony Couse said that the pandemic only accelerated

February 11, 2024 No Comments

Hong Kong News

Asian buyers show strong investor appetite for London properties despite Brexit

With the latest reports suggesting that one in every 30 Londoners is COVID-19 positive, the situation seems to be getting dire. Mayor Sadiq Khan has even gone on record to say that the virus’s spread is “out of control” at a time when Britain has moved to the top of the European charts in the number of deaths category. Another problem weighing on London is the impact of Brexit on the city’s real estate markets. Despite Boris Johnson inking an 11th-hour agreement to avoid what seemed to be an imminent no-deal Brexit, many companies in the capital have already picked up their

January 29, 2024 No Comments

Hong Kong News

Homebuyers snap up flats in Hong Kong despite COVID-19

Hong Kong residential property market takes bullish turn attributed to vaccine rollout and increased stimulus spending in the US In 2020, Hong Kong witnessed a surge in commercial property market demand, and now, the wave is spreading to the residential sector. Hong Kong’s residential property market is seeing a bullish turn in recent times. An indication of this is being seen in the Kowloon part of the region where homebuyers are unaffected by the COVID-19 scare that has been looming for quite some time. Sino Land, Wheelock Properties et al.’s joint venture, the Grand Victoria Project, managed to sell all

March 27, 2021 No Comments