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Tag: rents

Retail Asia05/03/2021
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Real Estate

Hong Kong Home Posts Record-High Rent

2min0
Hong Kong’s luxury property market continues to post record numbers with the latest leasing contract. A 10,804 square foot home in the city’s wealthiest district was rented out for HK$1.35 million per month, according to a statement from local developer Wharf Holdings. This is a record figure, according to a Bloomberg report citing real estate […]
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Retail Asia12/11/2020
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Real Estate

Hanoi short of premium office space

2min0
Companies in Hanoi are struggling to find Grade A office space in the downtown area because of limited supply. Major Grade A office buildings in the downtown district of Hoan Kiem are recording 95-100 percent absorption rates due to high demand in the capital city, according to a recent report by real estate consultancy Savills. […]
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Retail Asia05/11/2019
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Real Estate

Singapore retail rents up as vacancy rate tightens

1min0
Singapore retail rents increased in the third quarter of this year, according to Urban Redevelopment Authority. Figures published by The Straits Times show the rental rates increased by 2.3 percent, overturning a fall of 1.5 percent during the previous quarter. According to the URA, the total supply of retail space available in ongoing projects within […]
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Retail Asia04/11/2019
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Real Estate

Saigon retail rents rise

2min0
Saigon retail rents are rising with space in the CBD hitting an average of US$135.50 per square meter in the third quarter, up by 5.8 percent year-on-year. According to a report by real-estate company CBRE, the average monthly rents outside the CBD were only US$35.80 per square meter, down 3.7 percent quarter on quarter. Saigon […]
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Retail Asia13/03/2019
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Real Estate

Hanoi office rental yield highest globally

2min0
Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said. This was the third straight year the Vietnamese capital ranked top, according to the British property consultancy, which used data from the second half of 2018. Hanoi recorded a 3 percent year-on-year increase in […]
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Retail Asia18/01/2019
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Real Estate

Hong Kong high-street retail rents ease

2min0
Hong Kong high-street retail rents dropped slightly in the final quarter of last year as weakened market sentiment impacted sales growth. According to a market update from property company CBRE, shop rents for the four core retail areas in the city dipped by 0.4 per cent quarter on quarter in the last three months of […]
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Retail Asia28/04/2017
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Real Estate

Prime retail rents in Singapore dip 0.4% in Q1

1min
Marina Centre, City Hall, and Bugis precincts reported lower rents. The challenging retail scene was proven by the drop in island-wide prime retail rents, which slipped 0.4% in the first quarter of the year. According to the Singapore Retail Bulletin by Knight Frank, this was largely due to lower rents in the Marina Centre, City […]
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Retail Asia05/05/2016
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Real Estate

Luxury prevails in Dubai’s retail space

17min
Despite suggestions to the contrary, luxury retail spending is still rising in the UAE, albeit at a slower pace. Dubai, in particular, is leading the way. In a survey carried out before the World Retail Congress last month, Dubai Chamber said the retail sector in the emirate was expected to grow by 5 percent annually […]
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Retail Asia03/05/2016
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Real Estate

Weaker Economic Environment in Asia Continues to Impact Commercial Markets

5min
According to CBRE’s Q1 2016 MarketView, total commercial property investment turnover in Asia Pacific in the first quarter of 2016 declined by 36% quarter-on-quarter as investors generally turned more risk-averse, due to stock market volatility and weaker economic environment. Asian capital in particular, however, remained active across the region with the completion of three big-ticket […]
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Retail Asia15/04/2016
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Real Estate

Singapore retail rents fall

3min0
Singapore retail rents are falling according to the latest figures from real-estate company DTZ Southeast Asia. Average monthly first-storey rent across the island eased by 1.2 per cent quarter-on-quarter to about S$30.15 (US$22.22) a sqft in the first quarter this year, says the company – the fourth consecutive quarter of decline. This is 7 per […]
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Retail Asia18/01/2016
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Real Estate

Singapore rents dip, says DTZ Research

6min
First-storey rents throughout SIngapore have fallen by 1.2 per cent to about $30.50 a square foot, according to the DTZ Research South-east Asia fourth-quarter report on the retail sector. This is the third consecutive decline since the second quarter of last year, says the report, released today. For the whole of 2015, average first-storey rents […]
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