According to global property consultant CBRE, following a strong global economic recovery in 2021 and early 2022, macroeconomic headwinds are raising fears of a broad-based downturn as central banks address persistent high inflation.
According to JLL in its 2022 Macau Mid-year Property Review and forecast, Macau has been gradually back to normal with the new wave of COVID-19 pandemic that emerged in the middle of the year being brought under control.
According to JLL's latest Hong Kong Property Market Monitor, the overall vacancy rate of Grade A offices rose to 9.6% in July as several sizable spaces became available on the back of the traditional low season for the office leasing market.
Investment in Asia Pacific's cold storage market is expected to grow fivefold in the next decade, driven by a shortage of new supply, outdated existing facilities and rapidly changing consumer demands created by the widespread adoption of online grocery shopping.
Global property consultant JLL reported this week Hong Kong's overall Grade A office market was stable in the first half of 2022, despite the city being hit by the fifth wave of the Covid-19 pandemic.
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