This week the South Korean National Election Commission announced that Democratic Party candidate Moon Jae-in had been elected as the new President.
According to Cushman & Wakefield's latest Main Streets Across the World report, Miami's Lincoln Road remained the fourth most expensive retail street in the Americas with average rents of $325 per square foot per year.
A newly launched index that derives the price of prime residential and commercial development land in 13 major cities across Asia, saw mixed results in the first half of 2016.
Chinese investors dominated Asian outbound investment in the first half of 2016, accounting for 60%, or $16.1 billion, of total investment.
According to the latest Skyscraper Index from Knight Frank, office rents in London's skyscrapers are rising faster than those in any other global city.
Innovation, liveability and the capacity to reinvent characterize the most dynamic cities in their third annual City Momentum Index (CMI).
This week the Federal Open Market Committee (FOMC) raised U.S. interest rates for the first time since 2006. The 25-basis-point (bps) increase to the target federal funds rate was widely anticipated.
Cross-border property investment in Asia accounted for 36% of total turnover year-to-date - rising 36% quarter-on-quarter to $10.6 billion - marking this the highest total recorded since 2008.
Organizations all across Asia are now under pressure to drive down costs by increasing their workplace 'static density'--the space per sq. ft. per workstation.
According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.
According to CBRE, investment in Asia's property sector turnover grew 12% quarter-on-quarter in Q2 2015 to US$21 billion, despite a 21% year-on-year decline in investment turnover against a strong 2014.
Q2 2015 preliminary data shows global transaction volumes in the second quarter of the year totaled US$161 billion.
The Bank of Korea (BoK) last week lowered base interest rates by a further 25 basis points to a historically low level of 1.50%, the fourth rate reduction since August 2014.
Overall commercial real estate investment continued apace in the second half of 2014, with volumes (excluding land sales) hitting US$72 billion.