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Showing posts from July, 2022

In the third quarter, Hong Kong led the Asia Pacific region in hotel investment.

The most investment-grade hotels were found in Japan, Thailand, and Australia. According to JLL data, Hong Kong dominated the Asia Pacific area in terms of hotel investment transactions in the year to September 2017, with 11 deals totalling about $1.5 billion. With $1.2 billion and $335 million in transaction volumes, Japan and Thailand were the second and third most active countries in the area.  doha sale Several of the Hong Kong transactions have the potential to be converted into residential or office space. Given the high demand for office space, hotel owners have recently considered transforming their assets. "Hong Kong hotels attract to investors because of the lower cost per square foot when compared to other asset classes, which has been a factor in recent transactions. Hotels like J Plus Hotel have already been purchased for use as a meeting place, most likely in an office "Mike Batchelor, JLL Hotels & Hospitality Group's Head of Investment Sales Asia,...

Hong Kong's office market is once again the most expensive in the world.

According to JLL, Hong Kong's Central charges the world's most expensive premium office rent for the second year in a row, at $323 per square foot per year (about HKD210 per sq. ft per month). On the other hand, in non-core business districts, the city gives the world's steepest rental reductions, allowing it to provide office space at cheaper leasing rates and maintaining its competitiveness.  villa qatar According to JLL's newest Premium Office Rent Tracker (PORT), Central in Hong Kong has the world's most expensive premium office rent, followed by New York's Midtown, London's West End, Beijing's Finance Street, and Silicon Valley in California. Asia Pacific is home to seven of the world's 10 most expensive office cities. Half of the top ten premium office locations are now in China. Premium office rents refer to the 'best available' in units larger than 10,000 square feet in the best building in each city's flagship office sector. ...

East Hong Kong's office rents are increasing.

Larger office tenants are looking to expand in Hong Kong East.  buying a house in qatar A tight vacancy environment and rising rents, according to JLL's Property Market Monitor released this week, continue to force larger occupiers to seek office space outside of Central and into other submarkets on Hong Kong Island, notably Hong Kong East. As a result, in February 2018, rents in Hong Kong East grew the fastest among the city's major office submarkets. Kering pre-leased two entire floors (37,300 sq. ft) at One Taikoo Place in Quarry Bay as part of their consolidation out of offices in Causeway Bay, making it one of the most prominent new lettings. Meanwhile, RGA Reinsurance moved to Swire Properties' Island East portfolio, leasing 26,000 square feet at Dorset House to fulfill expansion ambitions. In February, average rent in Hong Kong East increased 0.3 percent month on month to HKD 49.9 per sq. ft, boosted by a 0.5 percent month on month increase in Grade A1 office r...

In 2012, foreign capital dominated the London office investment market.

Despite continued economic uncertainty across the Eurozone, foreign investment into London's office market remains strong, according to Jones Lang LaSalle, with the only constraint being a lack of stock in the West End.  property for sale in qatar London office spending totaled £6 billion in the first six months of 2012. Overseas capital accounted for more than 75% of operation, with Asian capital accounting for 27%. Total volumes in the first half of 2012 rose 8% over the same timeframe last year, and a further £10 billion is currently being targeted for the industry, with year-end volumes expected to hit £12 billion, up 11% from 2011. Jones Lang LaSalle's Head of London Capital Markets, Damian Corbett, tells World Property Channel, "The demand in the West End appears to be characterized by a lack of availability. Strong competition for core assets keeps prices stable, and demand for high quality, well-let assets as well as short-term asset management opportunities co...

What exactly is a BHK?

In a unit, BHK stands for bedroom, corridor, and kitchen. In this post, learn everything there is to know about the word.  properties for sale in qatar A home buyer must settle on the property's design, such as 1BHK, 2BHK, or 3BHK, in addition to their budget and location preferences. Before that, one must first comprehend what a BHK is. What does a BHK denote? The abbreviation BHK stands for bedroom, hall, and kitchen. It's a metric for expressing the number of rooms in a building. A 2BHK, for example, indicates that the property has two bedrooms, one corridor, and a kitchen. A three-bedroom, one-bathroom unit has three bedrooms, a lobby, and a single kitchen. Even if there are two bathrooms/toilets, sellers may or may not advertise it that way, but the number of bedrooms will always be listed. In a nutshell, a 1BHK consists of one bedroom, a lobby, and a kitchen. 2BHK consists of two bedrooms, a lobby, and a kitchen. 3BHK consists of three bedrooms, a lobby, and a kitchen. 4B...

A legal checklist for buying a home is important.

What are the basic legal due diligence requirements for a property buyer in order to protect their investment and ensure clear title to the property? We will clarify.  buying property in qatar Property investments need a lot of money, and any errors made during the process will cost the buyer a lot of money. As a result, it is important for a buyer to proceed with caution while reviewing the property documents. The buyer can ensure that the investment brings peace of mind and protection by getting proper legal advice, scrutinizing records, and verifying relevant details about the land. In this article, we go through the documentation that a buyer must obtain and review before signing a contract. 1. Checklist of property records It is a well-established legal principle that an individual cannot transfer a title that is superior to his own. As a first step, the buyer should conduct due diligence to confirm the existence of the seller's title, the essence of the title and its marketab...

In 2015, EMEA property investment is expected to increase by 20%.

According to Cushman & Wakefield, property investment activity in Europe, the Middle East, and Africa (EMEA) would expand significantly in 2015.  buy property in qatar for expats EMEA investment volumes are expected to rise 20% next year to €247 billion ($300 billion USD), up from an anticipated €206 billion ($250 billion USD) this year. Demand is currently high, but markets will become much more liquid in 2015 as fund allocations continue to rise, occupational markets heat up in many areas, and financing markets become more competitive. Furthermore, short-term worries such as stock market volatility, deflation fears, and slow economic growth might all indicate to increased demand for property as a result of its relative yield and risk profile. Retail and logistics will gain market share, but excellent property in all sectors will be in demand, and a significant rise in development appetite is envisaged, first focused on the region's key office markets. Quantitative easing ...

Many nations throughout the world currently observe the holiday. And, in my view, these are the best spots to enjoy it...

THE CZECH REPUBLIC OF PRAGUE - In many respects, the Czech Republic's capital is a two-sided city. It has the air of a Medieval city, with its towering spires, circular green domes, and red-tile roofs. However, astute foreign tourists are discovering, there's a lot going on behind those domes and spires, including a vibrant nightlife, a developing gastronomic scene, and a vibrant cultural life. And, without a doubt, a delightfully romantic vibe. The Ancient Town, which is centered on the massive Old Town Square and the cobblestone lanes that lead to it, is replete with architecture evocative of a Grimm's Fairy Tale, including a magnificent old castle. The chiming of a centuries-old clock tower may be heard when crossing the Charles Bridge across the Vltava. And if you enjoy fine beer, Prague is for you!  buying property in qatar for expats INDIA'S TAJ MAHAL, AGRA - This is truly a peaceful memorial site. However, the sheer beauty of the location - as well as the tale ...

The ECB's Quantitative Easing Program will Boost Property Markets in the Eurozone.

The ECB surprised markets this week by announcing the size of its quantitative easing (QE) program, which could assist to stabilize recent bond yield and currency losses and pave the path for greater inflation expectations and improved GDP growth.  shop for sale in qatar Of doubt, maintaining market confidence will be critical in the near term, but the QE program must inspire governments to pursue deeper structural reforms in the long run. Dedicated reformers, such as Spain, will, in our judgment, be rewarded the greatest with greater activity and inbound investment. "If the QE program is effective, the impact on property markets in general might be enormous," said David Hutchings, Head of EMEA Investment Strategy at Cushman & Wakefield, "since even more demand would now be directed into the market." As a result, yields are projected to decrease further than projected, and volumes will be pushed back even farther toward record levels." According to Cu...