According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down from a high of 11.9% in Q1 2022.
Hong Kong's average cost of designing and building workspaces raised 8.3% to USD 130 per sq ft (around HKD 1,015 per sq ft) in 2022, according to JLL's Asia Pacific Fit-Out Cost Guide 2022/2023. The increase in cost has slowed compared to the 9% growth in 2021.
According to CBRE's latest 'Asia Pacific Sustainable City Ranking' report, cities in Japan and Australia are the most resilient to environmental risks and Ho Chi Minh City is the most resilient emerging Asian market.
According to CBRE research, the size of the global retail market totalled $15.6 trillion in 2021, with Asia Pacific accounting for a 40% share. While the pandemic has accelerated the growth of e-commerce, offline retail remains the dominant sales channel.
According to international property consultant Knight Frank, global housing markets defied the odds in Q2 of 2022. While many expected a notable slowdown in the second quarter of 2022, both in terms of the index's overall performance, and in relation to the number of countries seeing house price declines in annual terms. Neither materialized.
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