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Gov’t Scraps Extra Stamp Duty On Commercial Property Sales

HONG KONG – In a bid to revive the city’s commercial property market that has been dealt a heavy blow by the COVID-19 pandemic, authorities in Hong Kong are set to axe the additional stamp...

Office Lessors May Offer Memberships Just Like What Coworking Space Operators Do

HONG KONG – As office landlords in the territory are struggling to attract tenants amid the COVID-19 pandemic, some are expected to copy the business model of coworking space operators, reported the South China Morning...

Singapore Bank Branches & Office Space Could Become Smaller: MAS

SINGAPORE – The Monetary Authority of Singapore’s (MAS) Managing Director Ravi Menon thinks that financial institutions could slash the number of their physical branches and reduce their office space over time as the virus outbreak...

Singapore Leads APAC Cities For Property Investment Prospects In 2021

SINGAPORE – The city-state was ranked number one for both property development and property investment prospects in the latest edition of the survey entitled Emerging Trends in Real Estate Asia Pacific 2021. For property development outlook,...

New Office Starts Down 50%, But New-Builds See Good Pre-let Rates

UNITED KINGDOM – New office construction across central London, comprising both new-build and refurbished developments, fell sharply by about 50 percent to 2.6 million sq ft during the 6 months to September, according to Deloitte’s...

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