Beijing Real Estate News
Beijing
Asia Pacific to Enjoy Record Commercial Investment in 2022 as Markets Reopen Post Covid
According to CBRE's 2022 Asia Pacific Real Estate Market Outlook report, a record year for Asia Pacific commercial real estate investment is expected in 2022, driven by steady economic growth and pent-up investor demand.
Luxury Residential Sales in Hong Kong Hits Historic High in 2021
According to JLL's latest Hong Kong Residential Sales Market Monitor Report, the luxury residential market in Hong Kong swiftly picked up in 2021 after a relatively quiet 2020. Transactions of high-value units (over HKD 100 million) in the first nine months hit a historic high.
Hong Kong Office Buildout Costs Rebound 9 Percent in 2021
According to JLL's Asia Pacific Fit-Out Cost Guide 2021/2022, Hong Kong's average cost of designing and building office workspaces has rebounded 9% year-on-year and is now back to the level prior to onset of the Covid-19 pandemic.
Residential Sector to Command Larger Slice of Global Property Investment
The sector's share of capital flows will continue to be supported by favorable demographic, economic and capital markets tailwinds which will drive expansion in established markets and accelerate growth in emerging markets in Asia Pacific and Europe.
