Office spaces in London could be expensive to rent next year due to a supply crunch, J.P. Morgan analysts said on Wednesday, as developers are being restricted from creating new spaces and leases have begun to shorten. Analyst Tim Leckie expects active demand for prime office space to grow 38 per cent in 2030, but...
Read moreEco World International Berhad (EcoWorld International) has received several “large offers” for its projects in the United Kingdom (UK) and Australia from institutional and retail investors. According to the company’s president and chief executive officer, Datuk Teow Leong Seng, the offers are currently being evaluated. “Should we decide to proceed with these offers, our plans...
Read moreNagaCorp Ltd will continue building its third casino, Naga 3, within the NagaWorld complex in Phnom Penh, Cambodia, while suspending operations in Russia following the war with Ukraine. The Cambodian hotel and casino complex operator announced last week that it had halted construction of the Naga Vladivostok gaming and resort development complex in Russia, which...
Read moreAccording to JLL’s latest Hong Kong Property Market Monitor Report, overall Grade A office leasing activity recorded net absorption of 647,100 square feet in January 2022, just before the pandemic took a turn for the worse. Hong Kong’s office market recorded positive net absorption for the fourth consecutive month, thanks to improving occupier demand and...
Read moreThe price of new apartments in Tokyo toppled a 30-year-old record in 2021 as rising demand from dual-income households and increasing construction costs boosted the Japanese capital’s once-moribund housing market. The mean price of new condos in the Japanese capital and surrounding areas hit 62.6 million yen (US$550,000) last year, topping the 61.2 million yen...
Read morei-City Properties (i-City) will collaborate with China Mobile International (CMIM) to construct the country’s first smart green corporate tower in i-City, Malaysia No. 1 technology city. According to Monica Ong, director of i-City, the corporate tower will be outfitted with 5G internet-enabled cameras and sensors to monitor the environment, energy consumption, and human traffic flow...
Read moreIn light of the surge of Omicron, a large number of companies, across all sectors, have pushed back their return-to-office plans. After enduring a nearly two-year pandemic, it would seem that business executives would give up on telling people to return to an office setting. Goldman Sachs, the top-tier investment bank and one of the...
Read moreMost Chinese local governments saw revenue from land sales fall in 2021, damaging their budgets just as Beijing calls for faster spending to counteract a housing-market slowdown and pull the economy out of a downturn. Thirteen of China’s 31 provinces saw income from selling land-use rights drop more than 20 per cent in 2021 from...
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