The Indian real estate sector is projected to be a $10 trillion market by 2047, while its share in India’s gross domestic product (GDP) is estimated to increase to 14–20% during this period, according to a report by Colliers and the Confederation of Real Estate Developers’ Associations of India (Credai). The report highlights six salient…
Read MoreChina’s new housing measures disappoint investors
Chinese and Hong Kong stock markets gave up early gains to end sharply lower on Thursday (Oct. 17) after China announced supportive measures to prop up the country’s flagging property sector, albeit on a small scale. The CSI 300 real estate index — which had gained over 5% on Wednesday — fell nearly 8%, while…
Read MoreIn the first half of 2024, rents for logistics properties across much of Asia-Pacific region continued their upward trend but mainland China witnessed a sharp plunge as business activities slackened, a report by Knight Frank reveals. Rents for logistics spaces in Shanghai fell 15% and 8.6% in Beijing as tenants chose to surrender existing leases…
Read MoreIn the first five months of 2024, foreign investors injected nearly $1.98 billion into Vietnam’s real estate sector, up 70.8% on an annual basis. Overall FDI in January-May 2024 stood at $11 billion, up 2%, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment (MPI). A total of 78…
Read MoreIn Q2 2024, India’s all top seven cities (Mumbai, Delhi NCR, Bengaluru, Chennai, Kolkata, Pune, and Hyderabad) recorded gross leasing volumes of at least 1 million sq. ft., amid strong leasing activity, according to a recent JLL report. The second quarter gross leasing was up 21.3% Q-o-Q and was recorded at 18.38 million sq. ft.…
Read MoreSeoul to amend real estate tax rates in July
South Korea’s government will slash real estate and inheritance tax rates next month JoongAng Daily reported on Monday (June 17) citing Finance Minister Choi Sang-mok. The official said that the details of the reform will be announced sometime in July. According to the report, Sung Tae-yoon, director of national policy at the presidential office, proposed…
Read MoreBank lending in China increased less than expected last month as credit demand remained weak amid property market crisis. New yuan loans increased to CNY 950 billion in May from CNY 730 billion in April, the People’s Bank of China said. This was well below the expected level of CNY 2.25 trillion. In the first…
Read MoreThe Philippines capital of Manila is the fastest-growing high-end real estate market in the world in Q1 2024, a Knight Frank analysis showed. The densely populated bayside city saw the largest annual price increase at 26.2%, followed by Japan’s Tokyo at 12.5% and India’s Mumbai at 11.5% and Delhi at 10.5%. Perth, at 11.1%, confirms…
Read MoreThe real estate market in Singapore, known for its vibrant and dynamic nature, remains an attractive investment destination and its size is estimated to grow by USD 50.74 billion from 2024-2028. This is according to Technavio’s latest report titled “Real Estate Market in Singapore 2024-2028.” Furthermore, the city-state’s property market is estimated to grow at…
Read MoreASIA-PACIFIC: Singapore private homes continue to be Asia Pacific’s least affordable housing, with a median price of $1.32 million in 2023, according to the Urban Land Institute’s 2024 ULI Asia Pacific Home Attainability Index released on Tuesday (May 21). The report, which drew on statistics from 48 cities in 11 markets in Asia-Pacific (namely, Australia, China…
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