JLL
JLL is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021.
Retail property market sees significant boost in 1H23
As of end June, rents of High Street shops rebounded 8.2%.
Retail property market sees significant boost in 1H23
As of end June, rents of High Street shops rebounded 8.2%.
Mass residential capital values drop 1.2% QoQ in Q2
JLL attributed the decline to three factors.
Office space demand ‘evolving’ as corporates focus more on sustainable offices: JLL
Despite increasing demand, vacancy still rose to 12.4% as of end-May.
Green residential demand to rise in long run: JLL
Studies showed that green residentials have a resale premium of 5-10%.
8-storey building on Kwa Wan Road, Kowloon sells for $1.071b
New Fortress Investment Limited won the auction.
Office demand to remain subdued in 2023: JLL
Given the situation, rents will likely fall by 3%-5% this year.
Industrial building in Quarry Bay up for auction
It has a reserve price of $5.13b.
Hotel Ease Access Lai Chi Kok for sale for $410m
The hotel has 119 guestrooms with a total gross floor area of around 38,619 sq. ft.
Vacancy rate of Central high street shops drops to 10.5% in Q1
JLL attributed the decline to Mainland’s reopening.
Commercial and residential composite building in Kowloon up for auction
It has a reserve price of $1.071b.
HK to face shortage of over 60,000 suitable elderly places by 2032: report
The city's older population is expected to increase by 46.3% in the next decade.
Commercial real estate volume drops 10% YoY to $12.56b in Q1
Most transactions in Q1 were primarily small mid-sized private capital deals.
Why are residential prices in Hong Kong losing growth momentum?
JLL cites two reasons.
Office space negotiations more active as overall vacancy rate drops in March
This is the first drop since May 2022, JLL said.
Over 85% of first batch of 23 WCH Grade A office units sold
The sale amounted to over $700m.
Faster recovery awaits Hong Kong’s high-end hotels
JLL expects the sector’s transaction activity to reach US$1b by Q423.
Compulsory sale applications drop 24% in 2022
But JLL expected a more visible return in the second half of 2023
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