Hong Kong Real Estate News
Hong Kong
Global Commercial Investment Hits $282 Billion in Early 2022
According to new data by CBRE, global commercial real estate investment volume increased by 34% year-over-year to $282 billion in Q1 2022. Investment was up by 47% in the Americas, 25% in EMEA and 5% in Asia-Pacific. Note that all investment totals and percentage changes cited in this report are in U.S. dollars.
Asia's Life Sciences Buildings Drawing Strong Investor Interest in 2022
According to global real estate consultant JLL, rapid expansion in the life sciences sector will provide substantial opportunities for commercial property owners and developers in Asia Pacific, as real estate becomes a priority for companies that provide health and medical products and services.
Hong Kong Expecting Mass Residential Price Declines in 2022
According to JLL's latest Hong Kong Residential Sales Market Monitor report, the fifth wave of COVID-19 weighed down on market activities in the first quarter of 2022, driving mass residential prices down by 3.2% quarter-over-quarter.
Despite Covid, Hong Kong's Office Market Enjoys 6 Months of Positive Absorption
The Grade A office market recorded a positive net absorption for the sixth consecutive month in March 2022, despite that the continued Covid social distancing measure, leading to a quiet leasing market.
