GLOBAL PRESS RELEASES
Recent Greater China News
The commercial real estate market in Greater China has been influenced by a number of factors over the last couple of years, not least by the macro economy, relevant policies, domestic demand and technology progress. This report generally examines the real estate industry in Greater China and looks to provide an understanding of the aspects that will influence new business opportunity generation in the region in 2024.
Mandy Qian • 28/12/2023
New office leasing demand in Hong Kong stayed relatively subdued through 2023, in turn exerting further pressure on office rental levels. In the retail industry, overall sentiment continued to improve, supported by the growing presence of experiential retail strategies providing a new impetus. However, the persistent high interest rate environment, coupled with stock market volatility, has dampened home purchase sentiment. In the CRE investment market, end-users are becoming the primary drivers of activity.
Rosanna Tang • 07/12/2023
Cushman & Wakefield has announced it intends to embed Artificial Intelligence (AI) across its commercial real estate transaction lifecycle, to enhance client and employee outcomes. As part of AI+ — the firm’s new, exclusive digital transformation strategy — Cushman & Wakefield is digitally advancing operations, client delivery and data stewardship to create a new industry standard for CRE while enhancing the firm’s own productivity.
Mandy Qian • 29/11/2023
Hong Kong Retains Top Ranking as Asia Pacific’s Most Expensive Retail Destination; Refocusing on International Events and Experiential Retail are Crucial to Revitalize Retail Landscape
Hong Kong’s Tsim Sha Tsui district commands the highest retail rental rate in Asia Pacific, while maintaining a global ranking as the world’s third-most expensive retail street. Concurrently, Hong Kong's retail industry is shifting from its traditional focus on luxury and pure consumption to experiential retail, backed by growing consumer demand for innovative concepts, events and retailtainment.
Rosanna Tang • 21/11/2023
This report examines how urban planning plays an important role in responding to lifestyle changes and climate change, and promotes workable transformation in terms of the 15-minute city concept, balanced urban public space, transit-oriented development (TOD), ecological solutions, net-zero buildings and other approaches to bring about beneficial change and the creation of a sustainable urban environment.
Mandy Qian • 08/11/2023
Cushman & Wakefield Delegation Joins Foreign-Funded Enterprises Roundtable Held by China Ministry of Commerce Ahead of CIIE 2023
A Cushman & Wakefield management delegation led by Matthew Bouw, Chief Executive, Asia Pacific, joined a productive roundtable held by Mr. Sheng Qiuping, Deputy Minister of the China Ministry of Commerce, with foreign-funded enterprises in Shanghai on Nov. 3, 2023, ahead of the opening of the 6th China International Import Expo (CIIE) on November 5.
Mandy Qian • 08/11/2023
The urban area in China and its associated design, planning, development and operation, plays a big role in bringing transformational change to address the changing way people live. To understand and realize some of the beneficial living changes that result in sustainably developed urban environs in China, this report considers seven key topics.
Mandy Qian • 07/11/2023
Despite the border reopening, Hong Kong’s large-sized (exceeding HK$100 million) non-residential investment market had yet to rebound in the 1H period, constrained by the prevailing high-rate environment. The market was chiefly driven by local investors and owner-occupants seeking bottom-fishing investment opportunities.
Rosanna Tang • 19/06/2023
The COVID-19 pandemic has prompted a questioning of traditional ways of living, with many workers now operating remotely and spending more of their daily lives within a few kilometers of their homes. At the same time, with climate change at a rapid pace, sustainability is at the top of the agenda in terms of decisions made, how we act and what we do on a daily basis.
Mandy Qian • 11/05/2023