China Real Estate News
China
Asia Pacific Commercial Property Investment Spikes 23 Percent in 2024
New data from global real estate consultancy JLL reveals a 23% year-on-year (YoY) increase in commercial real estate investment across Asia Pacific in 2024, totaling $131.3 billion and surpassing 2022 levels. Investment volumes in Q4 alone grew 10% YoY to $34.9 billion, marking the fifth consecutive quarter of YoY growth for the region.
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.
Hong Kong Housing Market to Reach Equilibrium in Late 2025
According to JLL's latest Residential Market Monitor report, new home inventory is expected to reach a more balanced supply-demand equilibrium by the end of 2025.
The World's First 'Global Listings Service' Announced
Miami-based WORLD PROPERTY MARKETS founder and CEO Michael Gerrity announced plans this week to launch in mid-2025 the world's first global, AI-powered and consumer-facing MLS platform called GLOBAL LISTINGS.
