Five-Star Awards Winner of Best Property Agency/Consultancy Marketing; Hong Kong - Retail Asset Continuous Enhancement (RACE) Service PlatformHONG KONG SAR - Media OutReach - 4 July 2022 - Cushman & Wakefield, a leading global real estate services firm, excelled at the Asia Pacific Property Awards, winning recognition for outstanding achievements in the real estate market across the region. Click the city module for additional information and registration. But the first quarter of the year saw weaker leasing activity in some markets and segments. Hong Kong's market is the worst performer globally among major stock markets, beaten down by exposure to U.S.-listed companies, and with the city oppressed. SEE ALSO: Southeast Asia's biggest consumer trends to know going into 2022 "2022 will still be a year full of uncertainties. According to the commercial real estate and investment firm, Hong Kong commercial real estate market is expected to see stronger leasing momentum in 2022 and capital values are set to strengthen as rents bottom out. In Q2 2019, the average price for apartments was USD 2,009 per square meter in Ho Chi Minh, an increase of 21.6% compared to 2018. Hotels in Hong Kong recorded strong performance growth in the first half of 2017. Even as the world's luxury market remained strong over . The investment market is seeing very strong pent-up demand and high liquidity. Overall investment volume to further pick by 15% in 2022, estimated at HK$84 billion To discover more, talk to one of our experts or download the full report, today. After a banner year that saw prices climb the most in more than a decade, Singapore's housing market is cooling on the back of property curbs and higher taxes. Cushman & Wakefield's Head of Capital Markets Hong Kong Tom Ko said that total major transactions volume in 2022 to surpass 2021 levels and reach 200 deals worth $100b, with industrial buildings, residential development sites and multi-family conversions to be the "three key pillars" of the investment market in 2022. June 29, 2022. It has been a challenge for real estate investors to quantify the benefits of making . The global real estate market is expected to grow from $3386.11 billion in 2021 to $3741.06 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. Watch our global research experts discuss the latest real estate market trends and outlook for the rest of 2022 and beyond Positive start to the year although headwinds have emerged Global real estate markets had a remarkably positive start to the year, with an ongoing recovery in occupier market take-up, and capital market investment volumes . Click to view JLL's June 2022 Residential Sales Market Monitor. Explore prime real estate analysis, market cycles, cost changes, total occupancy cost and many more. Hong Kong is the most expensive housing market in 2021 across 92 markets, according to the Urban Reform Institute and the Frontier Centre for Public Policy study. Central Rental: HKD 15,000 Incl. This study adopts the real estate prices of HK and four major cities in China, namely Beijing, Shanghai, Shenzhen, and Guangzhou, from January 2001 to April 2019. In November, just days after the border announcement, an apartment on Mount Nicholson in Hong Kong Island sold for HK$640 million, or HK$140,800 per sq ft, a record in Asia. Hong Kong Property Market Outlook 2022 Download Report . The Legal 500; Asia Pacific . the face of the weak market and the restrictions on price drops imposed by the authorities to prevent them from collapsing. Email asiapacific@uli.org for . Savills Hong Kong is the leading service provider of local and international property. In early 2022, Hong Kong was battling with yet another strong wave of the pandemic, and now stringent restrictions are appearing to ease. Hong Kong-based banks face an acute talent shortage in 2022 as the city relentlessly pursues a zero-COVID-19 policy with some of the strictest travel restrictions in the world currently. Real Estate Markets in Hong Kong, Singapore Start to Cool Down in 2022 - Bloomberg Wealth From Hong Kong to Sydney, Home Prices in Asia's Most Expensive Cities Are Falling Prices in Sydney and Hong. News that the Hong Kong border with mainland China will reopen by June 2022 is already boosting the market, estate agents say. Staunton Building. . This 1,400 sq ft house in the Dragon Villas estate in Sai . Hong Kong is the worst performing major . Hong Kong's construction industry recorded growth in the third quarter of 2021, rising by 0.6% year on year (YoY) in real value-add terms, following year-on-year (Y-o-Y) declines of 0.5% in Q2 and . Hong Kong property, apartment, rental and sale information provided by Hong Kong Homes, a premier real estate agent pecializing in realty, residential property for rent and sale in Hong Kong. CBRE's 2022 outlook for the region is positive, with steady economic expansion expected throughout the year, led by outsized growth in India and mainland China. Growth in Europe and the U.K. is expected to remain robust and balanced and match the U.S. at 4.6% in 2022, supported by a solid labor market and accomodative policy. That was almost twice as much as Singapore's average of around USD 11,442. Hong Kong Real Estate Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) 14.7.4. Themes 01 June 2022. . Hong Kong's economy contracted by 4.0% year-on-year in real terms in the first quarter of 2022, after an increase of 4.7% in the fourth quarter of 2021. Hong Kong's home prices have jumped 134% starting 1997 and fivefold from a bottom in 2003, according to the Centaline Property Centa-City Monthly Index, outpacing growth in household income. Call us today or schedule an appointment with us to discuss what's next for your real . Central Rental: HKD 23,000 Incl. The Asia-Pacific real estate market looked at 2022 with optimism. a construction company in Nanjing (east) offers a discount of 100,000 yuan (about 15,000 dollars or 14,300 euros) if the buyer of a new apartment . 06.12.2022 - 07.12.2022 MIPIM Asia Summit 2022 Hong Kong, Hong Kong MIPIM Asia Property Leaders Summit, which brings together senior Asian real estate professionals from all sectors to partner, gain an insight into the industry and discover the most outstanding projects 20,000 new units coming to market in 2022, exerting further downward pressure on home prices According to JLL's latest Hong Kong Residential Sales Market Monitor report, the fifth wave of COVID-19 weighed down on market activities in the first quarter of 2022, driving mass residential prices down by 3.2% quarter-over-quarter. Looking at real price levels, the average price per square meter was around USD 22,507 in April 2019. adjustments in Q1/2022 across most districts as a result, with townhouse prices falling by 1.5%, while luxury prices on Hong Kong Island, Kowloon and the New Territories declined by 1.7%, 2.1% and 2.7% respectively. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate in Hong Kong. 7,427 Million USD. ): 264 (S) 400 (G) Bath. The average price for high-end property rose as much as 52.9% to USD 4,569 per square meter. . In the 2022 edition of . The global real estate market is expected to grow from $3386.11 billion in 2021 to $3741.06 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. Nonetheless, investment in the region remained strong during the same period. Whereas in the longer term, sufficient land supply for PRH is the fundamental solution to the housing problems in the city. 1. . Growth in prices of new private . The Rating and Valuation Department (RVD) releases monthly, quarterly and annual property price indices by class for private domestic (independent dwellings with separate cooking facilities and bathroom). Hong Kong Expecting Mass Residential Price Declines in 2022 Mortgage Applications Uptick in Late April U.S. Home Price Growth Exceeds 20 Percent Annually in March Residential Rent Growth Extends Record-Breaking Streak in Early 2022 Rising Inflation, Supply Chain Woes All Impacting New Home Construction in U.S. Hong Kong Property Prices in 2019. AIA is the largest independent publicly listed pan-Asian life insurance group - with a presence in 18 markets across the Asia-Pacific region. Asian Cities 2022. Hong Kong property, apartment, rental and sale information provided by Hong Kong Homes, a premier real estate agent pecializing in realty, residential property for rent and sale in Hong Kong. Xi Jinping, China's president, right, swears-in John Lee, Hong Kong's chief executive, at a ceremony in Hong Kong, China, on Friday, July 1, 2022. Frequently migration between Hong Kong (HK) and China can cause the real estate price standards of HK's and China's first-tier cities to resemble one another. Global Real Estate Market Global Real Estate Market Dublin, March 10, 2022 (GLOBE NEWSWIRE) -- The "Real Estate Global Market Report 2022 by Type, Mode, Property Type" report has been added to . Click to view JLL's June 2022 Residential Sales Market Monitor. Hong Kong transit operator MTR Corporation this week unveiled plans to launch sales of about 5,700 homes in the city this year, despite residential transactions having touched a six-year low in the first quarter of 2022. The general agent sentiment is that demand for Hong Kong real estate will always. Prices have grown strongly for over a decade, except for a brief slump in 2016 due to the mortgage rate hike. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Hong Kong. Hong Kong Office Market Begins Recovery as Rent Cuts Slowed in 2021 2H. Hong Kong Property Market Monitor - June 2022 Asia Pacific Residential Digest 1Q 2022 Featured properties Landmark Pinnacle London Cloudlands 35-37 Plantation Road Ridgeway 33 Plantation Road Undercliff 47-49 Plantation Road Fung Shui 50 Plantation Road 33 Magazine Gap Road The Silk District Kings Road Park Amplify Branz Tower Toyosu The High Horie We have produced this report to help you navigate the macro environment we expect in 2022 and look forward to working with you in the new year. Even as the world's luxury market remained strong over . There are reasons to be positive: Asia Pacific economies recovered lost GDP growth this year and will grow further in 2022, led by India (8.8%) and China (8.2%), although Hong Kong and Singapore forecasts (6.5% and 6.4% respectively) are also bullish. The growth is mainly due to the . About Company Business: AIA GROUP is Insurance and Financial Services Company with headquarters in Hong Kong. Management teams of banks in Hong Kong have noted a contraction in the talent pool from the second half of 2021, accounting firm KPMG said a Jan. 25 report. Similar to last quarter, less a uent buyers are a ected the most, with volumes in the price bracket between HK$50 and HK$100 million declining by 25%. Hong Kong House Price Index - June 2022 Data - 1994-2021 Historical - July Forecast Hong Kong House Price Index Housing Index in Hong Kong increased to 178.34 points in April from 176.29 points in March of 2022. source: Centaline Property Agency Ltd., Hong Kong 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Hong Kong House Price Index Prop.#: 168047 / Last Updated: 2022-06-28 . CBRE retains a positive outlook for regional consumption in 2022, with 74% of retailer respondents to CBRE's Asia Pacific October 2021 Retail Flash Survey expecting further sales growth in 2022. ): 339 (S) 486 (G) Bed. Downloadable (with restrictions)! "We aim to launch pre-sales for Lohas Park Package 11, The Southside Package 4, Ho Man Tin Station Package 2 and Kam Sheung Road Station Package 1 (as the agent of West Rail . Whether there are similar levels of activity ahead is dependent on how the pandemic develops and the response of policy makers. Overall, the outlook is bright for the Asia Pacific real estate market in 2022, with significant growth opportunities across sectors. 2022-04-26 . Co-living start-up Hmlet saw a 25% increase in bookings in January 2022 from December 2021, while serviced apartments managed by Far East Hospitality saw a spike in inquiries and bookings around . Located at Grand House on Macdonnell Roada desirable real estate hotspot in the Mid-Levels districtthis 4,174 sq ft, five-bedroom, five-bathroom apartment is on the market for HK$130 million. . Cushman & Wakefield announced its Q1 2022 Hong Kong Residential Market Review and Outlook report today. Yen Fook Mansion. The Real Estate Market in Ho Chi Minh City. Whereas in the longer term, sufficient land supply for PRH is the fundamental solution to the housing problems in the city. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Performance was mainly driven by occupancy, up 4.6% to 86.4%, while ADR (average daily rate) declined slightly (-0.2%) to HKD 1,320. Frequently migration between Hong Kong (HK) and China can cause the real estate price standards of HK's and China's first-tier cities to resemble one another. The latest Hong Kong and international property market news and opinions, plus helpful guides and top tips from our renowned industry specialists. Hong Kong (CNN Business)China's real estate sector is having a rocky start in 2022, as some of the country's most high-profile developers struggle to shake off a crisis that has been growing for . Sai Ying Pun Price: HKD 5,500,000 Size (s.f. Real Estate Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global real estate market as it emerges from the COVID-19 shut down. Hong Kong property, apartment, rental and sale information provided by Hong Kong Homes, a premier real estate agent pecializing in realty, residential property for rent and sale in Hong Kong. Strong liquidity will fuel the investment market, underpinning a projected 5% - 10% year-on-year increase in Asia Pacific transaction volume, to what is expected to be a record high. Legal market overview; Antitrust and competition; Those in search of homes with a minimalist aesthetic will love this 2,100 sq ft, three-bedroom, two-bathroom house in Sai Kung, which is on the market for HK$28.8 million. Impacted by the fifth wave of the pandemic, Hong Kong's total residential transaction volume logged the lowest point since the 6,221 deals recorded in Q1 2016, while the overall average residential price is expected to fall by 5% q-o-q. CBRE's 2022 Asia Pacific Real Estate Market Outlook, which features "Harnessing Growth, Navigating Uncertainty" as a central theme, explores how we expect the recovery in Asia . June 29, 2022. The region's real estate markets were remarkably resilient in 2021, with an estimated 30% rise in volumes compared with 2020, a record bounce back. Savills plc Savills is a leading global real estate service provider listed on the London Stock . Annual Results for Year Ending. 06.12.2022 - 07.12.2022 MIPIM Asia Summit 2022 Hong Kong, Hong Kong MIPIM Asia Property Leaders Summit, which brings together senior Asian real estate professionals from all sectors to partner, gain an insight into the industry and discover the most outstanding projects India Real . Early this year, Singapore . Residential property values in Hong Kong will fall by around 5% this year due to persistent population outflow and imminent interest rate increases, John Lam, head of China and Hong Kong real. At the 2022 awards, Cushman and Wakefield Hong Kong Retail Services Team has been awarded Five . The outlook for real estate in 2022 is positive, with big cities potentially surprising on the upside. The leading Hong Kong property real estate agent for unique & luxury homes. For 12 consecutive years, it has held the position of "least affordable city". Calming shades of beige dominate the interiors, including the spa-like bathrooms, as well as its chic, understated exteriors, complete with . The report explains how CBRE expects the recovery in China's economy and commercial real estate market to pan out in 2022. Latest research report on Prime Real Estate Benchmark Jan 2022 published by Savills. We believe the authority may boost the supply of transitional housing in the coming 2-3 years as a temporary solution to alleviate the long wait. We continue to see value opportunities in the Hong Kong Property Market as new stock becomes . CentrePoint. Words by Andrea Lo. ): 272 (S) 379 (G) Prop.#: 183627 / Last Updated: 2022-05-13 . House price index for Hong Kong. "Hong Kong's real estate problem is the key factor behind . Hong Kong Module: 27 June - 30 June Singapore Module: 04 July - 08 July Shanghai Module: 11 July - 15 July Seoul Module: 18 July - 22 July Tokyo Module: 25 July - 29 July-All content is available for 90 days from first access. A Good Time to Buy. In early 2022, Hong Kong was battling with yet another strong wave of the pandemic, and now stringent restrictions are appearing to ease. The total annual transaction volume for 2021 is estimated to increase 67 percent to HK$80 billion ($10.3 billion) compared with 2020. HANOI, Vietnam, July 04, 2022 (GLOBE NEWSWIRE) -- Vietnam's industrial real estate is becoming an attractive market for both domestic and international investors. The time-series stretches back to 1986. Opinion Concrete Analysis by Victoria Allan Hong Kong's housing market demonstrates its resilience and will continue to roll with the punches in 2022 Investors and end users alike will be wrestling. Hong Kong's office leasing market shook off a sluggish first half of 2021 as tenants rediscovered their appetites for desk space, although average rents still suffered a full year decline after a steeper drop in 2020, according to research from Cushman & Wakefield. Our real estate agent helps you to buy all types of property such as residential, commercial, international, industrial property, and many more. . Our Services in Hong Kong: Working closely with 22 offices and approximately 2,500 team members across the Greater China region, we are equipped with a holistic array of resources and expertise to maximize business results and opportunities for our clients. The real estate group now forecasts 11.6% home value growth over the next 12 months (May 2022-April 2023). Counter-cyclical policies and structural transformation are set to . Through April 2023, they predict a gradual deceleration in annual home value growth from the current rate of 20,9 percent to 11.6 percent. . : 1 , Bath. However, the pace of growth in discretionary consumer spending will moderate from last year's exceptional 14.5% as the effect of 'revenge . A Minimalist Haven in Sai Kung. : 1 We have 1 luxury homes for sale in Hong Kong. Luxury volumes (over HK$50 million) declined dramatically in Q1/2022 to 91, the lowest since the outbreak of social unrest in Downloadable (with restrictions)! Find homes in these popular destinations. MARKET IN MINUTES Savills Research Industrial Sales and Leasing Hong Kong - January 2022 Investment demand slows The leasing market remained active in the fourth quarter with availability shrinking and landlords preparing to raise rents further. China's economy will normalise in 2022, with CBRE forecasting GDP growth of around 5% y-o-y. Luxury volumes (over HK$50 million) declined dramatically in Q1/2022 to 91, the lowest since the outbreak of social unrest in Q3/2019, which was a 20% QoQ drop from an already quiet Q4/2021. 2022-05-10 . Dec-2021. The 2022-23 Budget was delivered by Paul Chan, the Financial Secretary of the HKSAR Government (the "Government") on 23 February 2022, in the midst of the rapid worsening of this fifth. Hong Kong's property market remains healthy Lalaine C. Delmendo | April 22, 2022 Over the past thirteen years, Hong Kong's residential property prices have skyrocketed by 275% (165% inflation-adjusted), including spectacular growth of 28.5% in 2009, 21% in 2010, 25.7% in 2012, 13.6% in 2014, and 14.7% in 2017. HONG KONG SAR - Media OutReach - 4 July 2022 - Cushman & Wakefield, a leading global real estate services firm, excelled at the Asia Pacific Property Awards, winning recognition for outstanding achievements in the real estate market across the region. Price: HKD 10,000,000 Size (s.f. In the quarter to Q1 2022, average office market rents in Dubai were either stable or increased in all segments of the market, with Prime, Grade A, Grade B and Grade C rents changing by 2.9%, 0.0%, 0.1% and 1.3% respectively. U.S. growth is expected to stay strong, at 4.6% in 2022, slightly down from 5.5% in 2021, supported by deferred consumption, inventory rebuilding and lack of fiscal drag. The weight of capital allocated to the region by private equity real estate funds suggests . Up to HK$280 billion (US$36 billion) of new homes may find buyers in 2022, marking the second year that annual transactions have risen, amid the bull run in the residential property market,. . This study adopts the real estate prices of HK and four major cities in China, namely Beijing, Shanghai, Shenzhen, and Guangzhou, from January 2001 to April 2019.
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