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The prime office space vacancy rates in Hong Kong’s central business district have once again dipped into single figures for the first time in over two years, marking a resurgence in demand within the previously struggling office market. A Turnaround in…
Bangkok, Thailand’s capital city, has distinguished itself as the least affordable city in the world for renters, as per the Housing Affordability Review 2025. The report, compiled by Germany’s DWS, indicates that the average middle-class family in Bangkok…
In the bustling Khuong Dinh Ward of Hanoi, Thuy Ngan recently faced a tough decision: stay put or move. Her landlord had decided to raise the rent on her 20-square-meter apartment from VND3.8 million (US$144) to VND4.2 million, a 10% increase starting this…
Rental prices in Jakarta’s vibrant retail landscape are holding strong despite a lull in new supply. According to a recent report from JLL, mall rents in the bustling Indonesian capital have risen approximately 0.5% in the second quarter of 2025. This…
Rents for investment-grade offices in Osaka surged by 5.5% in the first half of 2025, hitting JPY24,000 per tsubo, according to a recent report from Savills. This spike underscores the robust demand for premium office space, particularly in newly constructed…
The latest findings from Savills, based on a semi-annual survey by the Japan Real Estate Institute (JREI) and BAC Urban Projects, paint a promising picture for retail in Tokyo. Average asking rents for first-floor (1F) units have increased by 3.0%…
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog. The Competition and Consumer…
Grade A office rents in HCMC rose by 5.1 percent quarter-on-quarter to US$44.9 per square meter per month last quarter. The average rent was 5.3 percent up from a year earlier, according to real estate consultancy CBRE Vietnam. Grade B rents averaged $25.9,…
Hanoi serviced apartment rents fell by 3 percent to a three-year low of VND547,000 (US$24.16) per square meter per month last quarter, according to Savills Vietnam. Compared to a year earlier the average rents for grades A-C apartments decreased by 4 percent…
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…
Casual apparel retailer Bossini says it will close more stores in Hong Kong as many landlords remain unwilling to convert leases to turnover-based rents. The company has reported a loss of US$11.2 million for the December half after sales fell 25 percent.…
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…
The average rent for serviced apartments in HCMC has fallen to a five-year low as the Covid-19 pandemic stifles demand. The $23 per square meter per month price tag in the third quarter marks a 10 percent year-on-year fall, according to data compiled by real…
The Ho Chi Minh City Real Estate Association has called for regulating accommodation-sharing services like Airbnb for better management and taxation. Such services have become popular in Vietnam in recent years as they help meet the large demand for low-cost…
The world’s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong’s deepening recession. Global brands from Prada to Rolex and Victoria’s Secret have in the past…
Landlords in premium Hong Kong retail areas are proving flexible on rents as retailers experience an unprecedented drop in sales of between 50–80 percent during the first financial quarter this year. Figures from real estate firm Savills show multiple mall…
