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Singapore CBD Office Rental Growth May Slow Down In 2024

SINGAPORE – Real estate consultancy Cushman & Wakefield (C&W) expects Grade A office space in the city-state’s central business district (CBD) to record weaker office rental growth next year, according to a report from the...

Hong Kong Grade A Office Rents Down 5.3% In 2023

HONG KONG – Jones Lang LaSalle (JLL) has forecasted that Grade A office rents in the Chinese territory could decline by 5 to 10 percent for the whole of 2024 after it fell by 5.3...

Silicon Valley Office Vacancy Rises To 19.6%

USA – Data from the research divisions of Jones Lang LaSalle (JLL) and Joint Venture Silicon Valley showed that the office vacancy level in Silicon Valley climbed to 19.6 percent at the end of Q3...

HK$200bil Commercial Property Loans In Hong Kong Due Next Year

HONG KONG – Banks are unsure whether they should still lend to commercial property owners in the city, given that nearly HK$200 billion (US$25.6 billion) worth of loans secured by commercial real estate will come...

Manulife US REIT Completes Sale Of Arizona Office Campus

USA – Manulife US REIT, a real estate investment trust (REIT) listed in Singapore, announced that it has completed the divestment of Park Place, an office campus in Chandler, Arizona to John Hancock Life Insurance...

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