Sydney Real Estate News
Sydney
Ultra Luxury Home Sales Globally Experience Slowdown in Q3
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024.
Asia Pacific Hotel Investment Tops $12 Billion in 2024
Asia Pacific hotel investments are projected to reach $12.2 billion in 2024, driven by increased investment activity, a favorable interest rate environment, and positive macro and microeconomic trends.
Global Edge Data Center Market to Hit $300 Billion by 2026
Real estate consulting firm JLL predicts a significant increase in data-dependent technologies like the Internet of Things (IoT) and generative artificial intelligence (AI) will drive the need for robust IT infrastructure, particularly in the form of edge data centers.
Asia Pacific Office Sector to Further Reprice Throughout 2024
Based on new data by CBRE, Outstanding senior commercial real estate debt in Asia Pacific totals at least $257 billion, with a funding gap of $8.4 billion expected between 2024 and 2026. This is a much narrower gap than investors in the other major regions.
