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Singapore

Asia Pacific Commercial Property Investment Spikes 23 Percent in 2024

New data from global real estate consultancy JLL reveals a 23% year-on-year (YoY) increase in commercial real estate investment across Asia Pacific in 2024, totaling $131.3 billion and surpassing 2022 levels. Investment volumes in Q4 alone grew 10% YoY to $34.9 billion, marking the fifth consecutive quarter of YoY growth for the region.

Asia Pacific Hotel Investment Tops $12 Billion in 2024

Asia Pacific hotel investments are projected to reach $12.2 billion in 2024, driven by increased investment activity, a favorable interest rate environment, and positive macro and microeconomic trends.

Dubai, Palm Beach and Miami Lead World's Super Luxury Home Sales

Based on new data from global property consultant Knight Frank, 463 sales of properties valued at $10 million or more were recorded in the three months leading up to June 2024 across 11 key markets. This figure is slightly lower than the 476 sales recorded in the previous quarter.

Global Edge Data Center Market to Hit $300 Billion by 2026

Real estate consulting firm JLL predicts a significant increase in data-dependent technologies like the Internet of Things (IoT) and generative artificial intelligence (AI) will drive the need for robust IT infrastructure, particularly in the form of edge data centers.

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