In 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…
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In 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.…
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Bank 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…
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Third-quarter deal count in the Asia Pacific fell 38 percent year-on-year to US$32.6 billion, recording the lowest third-quarter volumes for a decade in the region, according to a a new report jointly published by the Urban Land Institute (ULI) and PwC. Mainland China accounts for the biggest decline with a fall of 23 percent year-on-year,…
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Singapore’s total real estate investment volume in Q3 2022 moderated to $4.78 billion – a substantial 70.2% drop as compared to that in the previous quarter given more cautious market sentiments amid heightened macroeconomic headwinds, according to a report by Cushman & Wakefield. Investment sales across all sectors dropped to S$4.78 billion ($3.35 billion) in…
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