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Recent Greater China News
Hong Kong Home Prices Weakened Again in Q2 as Interest Rate Cuts to Come Later Than Market Expectations
Hong Kong residential transaction numbers rose noticeably in April, but slowed again in May. The Grade A office market recorded positive net absorption for the third consecutive quarter, mainly driven by leasing demand in non-core districts. Gradually recovering tourist arrivals saw the overall retail high street vacancy rate remain stable in the quarter.
Rosanna Tang • 03/07/2024
Cushman & Wakefield Signs Strategic Cooperation Memorandum With the United Nations Institute for Training and Research
Cushman & Wakefield and the United Nations Institute for Training and Research (UNITAR) have signed a strategic cooperation memorandum at the Cushman & Wakefield Shanghai office. The two parties pledged to engage in ESG and business promotion cooperation, with the aim of jointly promoting sustainable development.
Mandy Qian • 21/06/2024
Cushman & Wakefield Greater China Wins Three Best Five-Star Awards at 2024 Asia Pacific Property Awards
Cushman & Wakefield has again been recognized at the Asia Pacific Property Awards, scoring three best Five Star Awards plus one “Award Winner” for outstanding achievements in the Greater China commercial real estate market, highlighting the firm’s leading industry position and exceptional service offerings.
Mandy Qian • 14/06/2024
Diagnosing the Market: The Chinese Mainland Life Sciences Sector
The life sciences industry in China is continuing to evolve. The industry’s development is being supported by a number of factors. Of the more important elements, four comprise policy, industry growth, population demographic dynamics, and the level of innovation. This report also focuses on the current situation and future prospects of life science industry clusters in China’s four first-tier cities and in Suzhou.
Mandy Qian • 13/06/2024
Office Fit Out Costs Continue to Rise Across Asia Pacific, Albeit at a Much Slower Rate
Average office fit out costs across Asia Pacific continue to rise in 2024, albeit at a much slower rate as compared to a year ago, according to Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2024. While inflation has started to ease in some markets, concerns about the interest rate environment, supply chain issues and geo-political tensions remain prevalent although there is hope for an economic rebound in the second half of 2024
Mandy Qian • 30/05/2024
Social Value — Bringing Worth to Commercial Real Estate in Greater China
The S in ESG relates to social, and it refers to an organization's ability to satisfy the needs of its stakeholders, and ensuring that social justice, equity, and fundamental human rights are sustained. When considering commercial real estate, social value is when value is produced when commercial buildings and places improve the quality of life of people.
Mandy Qian • 22/04/2024
Cushman & Wakefield Appointed by Standard Chartered Bank to Deliver Property Services Across Asia and Global Asset and Transaction Management
Cushman & Wakefield has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11 million sq ft global real estate portfolio.
Mandy Qian • 18/04/2024
Hong Kong Government’s Removal of All Property Cooling Measures Supported Residential Sales Rebound and Price Recovery in March
Following the Hong Kong Government's lifting of all demand-side management measures for residential properties, the market responded positively, with primary and secondary residential transactions strengthening and home prices picking up from March onwards. Office sector overall net absorption in Q1 remained positive. Visitor spending continued to support a recovery in the retail market.
Rosanna Tang • 10/04/2024
New Completions to Continue to Feature in 2024 — Greater China Top Office Supply Demand Trends
Total Grade A office inventory in the core markets of the 21 major Greater China cities tracked in the Greater China Top Office Supply Demand Trends report totaled 68.2 million sq m at the end of Q4 2023. Total premium core city office net absorption across the Greater China market for the whole year was 1.6 million sq m, an increase on the figure registered in 2022.
Mandy Qian • 28/03/2024
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MarketBeat
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Rosanna Tang • 05/07/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Eason Lee • 04/07/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Xiaoduan Zhang • 28/06/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Xiaoduan Zhang • 28/06/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Shaun Brodie • 27/06/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Sabrina Wei • 27/06/2024