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HK Vacant Office Space Hits Record High

HONG KONG – Property developers are building two large office towers in Central, even though the amount of unoccupied office space in the Chinese territory surged to record high of 9.1 sq ft in December...

Suntec REIT Sees Solid Occupancy For Its Singapore Office Bldgs

SINGAPORE – As of the end of December 2021, Suntec REIT’s three office buildings in the city-state recorded an overall occupancy rate of 97.5 percent, exceeding the 93.3 percent average occupancy of office buildings in...

Singapore Business Park Occupancy Rises To 84.5% In Q4 2021

SINGAPORE – The overall occupancy rate of business parks across the city-state edged up from 84.3 percent in Q3 2021 to 84.5 percent during the last quarter of 2021, according to the latest quarterly industrial...

Billionaire Says Office Will Recover Faster Than Retail

USA – Property mogul Sam Zell forecasted that office properties would rebound much faster than its retail counterparts from the ongoing slump caused by the COVID-19 pandemic, reported Forbes magazine on Wednesday morning (26 January,...

Employment Ads In HK Now Surpasses Pre-COVID Levels

HONG KONG – The latest data from online platform JobsDB shows that employment opportunities in the Chinese territory have recovered to surpass pre-pandemic levels last year, reported the South China Morning Post (SCMP) on Tuesday...

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