China Real Estate News
China
Super Luxury Home Sales Spike 11 Percent Worldwide in Q4
Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022.
Investment in South Korea Hotels Dipped in 2023
Based on new research by international property consultant Colliers, annual total investment in South Korean hotels reached KRW 5.8 trillion and KRW 5.5 trillion in 2021 and 2022, respectively.
Macau's Residential Market, Economy Both Face Ongoing Challenges in 2024
Based on JLL's newly released "2023 Macau Property Market Review", Macau's economy has gradually recovered. However, property assets continue to be under pressure due to factors such as high interest rates, and it is expected that the recovery of the Macau property market will remain slow.
Asia Pacific Commercial Property Investment Upticks 3 Percent in Q4
According to new data by global real estate consulting firm JLL, commercial real estate investment in Asia Pacific rose 3% year-on-year (YoY) in Q4 2023 to $31.6 billion, reversing seven consecutive quarters of decreasing volumes.
