Beijing Real Estate News
Beijing
Hong Kong's Office Market Picks Up Steam From Relaxed Covid Restrictions
According to JLL's latest Hong Kong Property Market Monitor Report, grade A office market picked up some momentum in April due to the relaxed social distancing measures. Overall net absorption was 249,000 square feet as tenant demand sustained in addition to the completion of new supply.
85 Percent of Hong Kong Buildings Require Extensive Retrofitting to Reach Decarburization Goals
A recent study by JLL of 32 global urban centres revealed that the real estate sector accounts for an average 60% of overall carbon emissions, exceeding the World Green Building Council's current estimates of 40%.
Despite Covid, Asia Pacific Corporate Real Estate Disposals Hit Record Highs in 2021
According to global property consultant CBRE, following a steady flow of sales in 2020, corporates across Asia Pacific increased their real estate disposal activity in 2021. 762 deals worth a combined total of $44.4 billion were completed as sellers capitalised on strong pricing to offload assets.
Life Sciences Sector Providing Upside to Asia Pacific Landlords
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.
