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25-08-2010 :
Asia Pacific Continues to Lead Global Office Rent Rebound
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More than half of the office rental markets in Asia Pacific either stabilized or moved into the growth phase during the second quarter of 2010, demonstrating that the region continues to lead the global real estate recovery, according to CB Richard Ellis’ (CBRE) latest quarterly Global Office Rental Cycle report.
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12-08-2010 :
Momentum Slows in Q2 in Asia’s Direct Real Estate Investment Market
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The Asian real estate investment market showed signs of continuing to make steady improvement in the first half of 2010 with direct real estate investment in the region rising 136% year-on-year during the period to be recorded at an estimated US$30 billion. Although activity levels rose significantly in virtually every Asian market as measured on a yearly basis, investment volume fell by 22% quarter-on-quarter in the second quarter as investors turned more cautious following the implementation of various measures by governments around the region intended to curb speculative activity. Worries over the fragility of the global economic recovery and the eurozone sovereign debt crisis also negatively impacted investor sentiment in the second quarter according to the CB Richard Ellis’s Asia Investment MarketView report covering the first half of 2010.
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28-07-2010 :
Strong Appetite for Prime Land Further Affirmed
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The upbeat auction result of the secluded former government quarters residential site at 103 Mount Nicholson Road further affirms the buoyant outlook for the Hong Kong luxury residential market, which is being fuelled by steady economic recovery in Hong Kong and mainland China and continued buying demand, not only from local buyers but also mainland individuals wanting to invest outside the PRC.
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07-06-2010 :
Prime Retail Rents Stabilise Across Global Markets - Hong Kong remains the Third Most Expensive Retail Location
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Prime retail rents in the world’s leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter (Q1) of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector. As the global economic recovery begins to gather momentum, consumer and retailer confidence have started to improve. Whilst this has still not translated into retail sales growth in most markets, demand for prime retail space remains healthy and vacancy in the best locations is low. As a result, there are some markets globally where prime rents are rising, and many more where the rate of decline has slowed or rents are now stable.
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05-05-2010 :
Asia sees higher demand for premium office space -
along with pick-up in “flight to quality” moves
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The opening quarter of 2010 saw robust office take-up in Asia’s major commercial centres as companies have become more willing to commit to space at the current rentals. Corporate occupiers are taking advantage of the fact that office rents have generally experienced downward correction for over a year in most markets, and some are availing themselves of this opportunity to upgrade their premises to Grade A facilities. At the same time, Asia’s overall business sentiment was buoyed by the continued improvement in the regional economy. The labour market has also tightened, with the unemployment rate clearly tracking downwards in most markets and large-scale companies announcing recruitment plans.
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04-05-2010 :
Asian Real Estate Investment Markets Remain Resilient in Q1 2010
CBRE Survey Finds Q1 Investment Turnover Jumped 215% Year-on-Year
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The Asian real estate investment market remained buoyant during the first quarter as investor sentiment remained largely positive, and investors continued to demonstrate cautious optimism. The steady flow of small and medium sized transactions witnessed in the latter half of 2009 continued to feed through into the year’s opening three months. Given the relatively low level of trading activity at the beginning of 2009, in the first quarter total direct real estate investment in Asia jumped 215% on a year-over-year basis to an estimated US$16.5 billion, according to CB Richard Ellis’ Asia Investment MarketView report for Q1 2009.
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30-03-2010 :
Review of China’s Property Market in Q1 2010
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With the arrival of 2010, most of the 15 major cities in China monitored by CBRE Research exhibited upswings in performance. Sales markets for both prime office and luxury residential real estate continued to trend north while rental quotations varied among different regions. During the first quarter, the PBOC raised the deposit reserve rate twice in order to tighten the money supply. In addition, the central government also released the “State Council’s 11 point measures” and “State Council’s 19 point measures,” further strengthening macroeconomic controls on real estate lending and land resource management.
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24-03-2010 :
CB Richard Ellis Joins in Earth Hour 2010
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CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2009 revenue), has announced its “lights-out” participation in Earth Hour 2010 on 27 March 2010 at 8:30pm local time.
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23-02-2010 :
IAOP Names CB Richard Ellis Among Top Outsourcing Providers for Fourth Time
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The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2010 Global Outsourcing 100 for the fourth straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges organized by IAOP.
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08-02-2010 :
Asian Office Markets Continues to Improve as Multinational Demand Picks Up
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In the fourth quarter of 2009, the Asian office market continued to approach the bottom of the present cycle as rental declines slowed further and absorption gradually increased. The quarter saw multinationals and financial institutions in selected Asian cities display a renewed willingness to expand. The unemployment rate declined for three consecutive months in Taiwan and Hong Kong, whilst in Japan it fell from July 2009’s record high of 5.7% to 5.1% in December, reflecting the overall improvement in the Asian labour market.
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04-02-2010 :
Asian Real Estate Investment Markets Rebound in Second Half of 2009
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Asian real estate investment markets posted a strong recovery in the second half of 2009 after witnessing a difficult start to the year. Investment turnover bottomed out in the first quarter but improved thereafter as investor confidence gradually returned, underpinned by the strong rebound in the equity markets, the persistence of low financing costs and a stabilizing trend in price levels across key markets. Direct real estate investment in Asia jumped 56% y-o-y in the second half of 2009 to an estimated US$25 billion . However, overall transaction volume was still 22% lower in 2009 as compared with the previous year, according to CB Richard Ellis’ Asia Investment MarketView report for the second half of 2009.
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20-01-2010 :
Review of China’s Property Market in Q4 2009
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During the last quarter of 2009, underpinned by buoyant market sentiment, the sales price for both prime office and luxury residential property trended north in all of the 15 major cities of the PRC, with some even achieving double-digit growth rates. With the advent of National Day as well as the Christmas and New Year holidays, retail markets witnessed a booming phenomenon, which mainly originated in retailers’ big sale or frequent promotion activities. Thus, prime retail rental quotations in most of the cities saw an upswing. The logistics sector generally remained stable across the cities.
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13-01-2010 :
Hong Kong Property Market will See Positive Growth Across the Market in 2010
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The local property market has seen a tremendous recovery since the second half of 2009. Sales volume and prices picked up across most of the market sectors, particularly in the luxury residential market. This better-than-expected rebound reflected that Hong Kong remains as one of the most attractive markets for property investment and that the rising momentum is expected to continue in 2010.
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25-11-2009 :
Retailers Name Germany as Top European Hot Spot for 2010 Expansion
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Germany has emerged as the number one target destination for retailers looking to expand their international presence in the Europe, Middle East and Africa (EMEA) region in 2010, according to a new research from CB Richard Ellis. The report, known as “How Active are Retailers in EMEA?”, reveals that 47% of retailers surveyed as part of the research are targeting Germany for future expansion, followed by France with 44%, and Spain with 36%.
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20-11-2009 :
400 CB Richard Ellis Professionals Achieved LEED Accreditation
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CB Richard Ellis Group, Inc (CBRE) today announced that 400 of its client services professionals have received the LEED® AP (Leadership in Energy and Environmental Design Accredited Professional) designation through the Green Building Certification Institute (GBCI). These CBRE professionals received the LEED® AP credential, which signifies an advanced depth of knowledge in green building practices, and work in every major market in the Americas, as well as in Asia-Pacific and EMEA. They also represent nearly every service CBRE offers, including project management, asset services, brokerage, development, facilities management, technical services, global corporate services, research and valuation.
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17-11-2009 :
Grade A Office Rents in Hong Kong Will Eventually Benefit from Limited New Supply
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Despite an unprecedented pace of rental decline of 38% on Hong Kong Island since the outbreak of the financial crisis in September last year, office rents in Grade A buildings on Hong Kong Island face a positive future in the medium to long-term. Limited new supply on Hong Kong Island will generate a recovery in rental and occupancy levels, whilst also paving the way for Kowloon office space as an alternative option for companies looking to secure large continuous space options in highly specified Grade A buildings.
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16-11-2009 :
Asian Office Market Continues to Improve as Rental Decline Slows Further
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The Asian office market down cycle has stabilized in the third quarter of 2009 as the improvement in Asian employment markets generally provided a clear indication that the office market was close to the bottom. Corporations outside of the export trade sector commenced expanding headcount and financial institutions began hiring staff to pursue high-margin businesses as economic conditions improved. Amongst Asia’s developed economies, Japan, South Korea and Hong Kong all reported their first declines in unemployment rate since the Lehman Brothers bankruptcy in September 2008. Historically, office vacancy has trailed closely behind the unemployment rate. The third quarter saw overall vacancy for Asian cities remain at 12.5%, unchanged from the previous quarter, but with Tokyo, Hong Kong, Beijing, Seoul and several Southeast Asian cities all recording a minor decline in the quantum of space vacant.
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11-11-2009 :
Asian Real Estate Investment Market Buoyed in Third Quarter as Market Sentiment Strengthens
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The Asian real estate investment market continued to gain momentum in the third quarter of 2009 as capital values generally stabilised, sentiment improved and the bid-ask spread narrowed, particularly for quality yield-accretive assets in prime locations. Direct real estate investment in Asia jumped 25% q-o-q to an estimated US$9.1 billion . Hong Kong accounted for 36% of the total volume followed by China, Korea and Taiwan. However, overall transaction volume remained low in the first nine months of 2009, falling by 49% year-on-year according to CB Richard Ellis’ Q3 2009 Asia Investment MarketView report.
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01-09-2009 :
Asian REITs Rebound Strongly in First Half of 2009, but Challenges Remain
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Asian REITs rebounded strongly in the first half of 2009 as conditions in global capital markets improved and the availability of credit increased following government injections of capital into the banking system. The market capitalisation of Asian REITs rose 14.3%, with J-REITs recording a 14.7% gain on average weighted by market capitalisation and S-REITs rising 16.2% on weighted average, according to CB Richard Ellis’ REITs Around Asia for the first half of 2009.
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18-08-2009 :
Back from the Brink … But What Next?
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Back from the Brink… But What Next? A new Global MarketView issued by CB Richard Ellis (CBRE) Research and Consulting sees some stabilization and some recovery for the commercial real estate market at the mid-point of 2009.
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13-08-2009 :
Asian Office Market Begins to Stabilize but Companies Remain Cost-Conscious
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The Asian office market showed signs of stabilizing in the second quarter of 2009 but companies remained focused on reducing costs and tightening their real estate expenditures. Pressure to further reduce office space requirements nevertheless began to ease as the macro economic environment became somewhat calmer and, in the case of China, began to recover and improve. Most Asian cities either recorded a smaller negative net absorption or a mild increase in office requirements. Overall vacancy for Asian cities rose 60 bps q-o-q to 12.5% in the second quarter but the rate of increase slowed from 120 bps in the previous quarter.
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12-08-2009 :
Investment Market Regains Momentum in Second Quarter
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The Asian property investment market enjoyed a stronger second quarter of 2009 following a subdued start to the year, with direct real estate investment volume edging up 41% from the first quarter. The improved investment turnover was catalysed to a certain extent by debt funded investors compromising at current price levels and liquidating assets to service near-term debt obligations. Despite the improvement witnessed in the second quarter, however, transaction volume nevertheless remained thin in the first half of 2009 compared to the corresponding period in 2008, falling by 58% y-o-y to approximately US$12.4 billion, according to the CB Richard Ellis Asia Investment MarketView for the first half of 2009.
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10-08-2009 :
CB Richard Ellis Achieves Sustainability Milestones in Asia
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CB Richard Ellis announced today that it has been awarded the Leadership in Energy and Environmental Design (LEED) for Commercial Interiors Gold Rating by the U.S. Green Building Council (USGBC) in relation to its office premises in Beijing. This Gold Rating is one of only 32 LEED project certifications awarded to date in China (16 for Commercial Interiors) and represents an important milestone in relation to the implementation of the sustainability strategy being pursued by CB Richard Ellis in Asia. It also demonstrates the continued commitment of CB Richard Ellis to achieving a leading position with respect to environmental stewardship in the region.
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21-07-2009 :
CB Richard Ellis Further Strengthens Business Platform in China
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CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it has appointed Mr. Mark Latham as Head of Office Services, China, and Ms. Jane Alexander as Deputy Managing Director, Shanghai. The new appointments demonstrate the company’s continued commitment to the China market, as well as its strategy to enhance the overall business platform across China.
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09-07-2009 :
Review of China’s Property Market in Q2 2009
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The encouraging recovery of China’s residential sales market in the second quarter spurred on the solid performance in luxury residential sales prices and transactions. However, the luxury residential and prime office leasing markets continued to be impacted by MNC budget cuts. Office rents dropped in most cities across China, although the rate of decline began to slow in many areas. The prime retail market held firm throughout China, with the exception of Northern China, which witnessed mixed performances. Industrial land prices held off major price declines, while rentals in the market generally slipped or remained stable.
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29-06-2009 :
CBRE Acts as Consultant for Expo 2010 Shanghai China Expo Village
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As the master agency for the World Expo Village, CBRE has recently announced that this high-profile project is underway. According to the agreement, CBRE Shanghai will provide full retail services including pre-leasing analysis and research of various industries, brands and specific requirements of the World Expo Village.
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17-06-2009 :
Hong Kong Property Market Outlook for 2H09
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The local property market has seen a gradual pick up in sales volume since March this year, after being severely hit by the global credit crunch. Prices rebounded faster than expected mainly because of low interest rates, stock market rally and hot money inflow. However, rents have largely continued on a downward trend, reflecting Hong Kong’s weak underlying economic conditions.
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05-06-2009 :
Tokyo Now World’s Most Expensive Office Market; West End of London and Moscow Ranked Second and Third, Respectively
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Tokyo’s Inner Central District has supplanted London’s West End as the world’s most expensive office market, according to CB Richard Ellis Group, Inc. (CBRE) Global Research and Consulting’s semi-annual Global Office Occupancy Costs survey. London’s West End, is now the world’s second most expensive office market, followed by Moscow, Hong Kong’s Central Business District or CBD, and Tokyo’s Outer Central District in the CBRE report, which tracks office occupancy costs in more than 170 cities around the globe.
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20-05-2009 :
A Light at the End of the Tunnel for China?
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Despite the recovery of home sales seen in the first quarter of 2009, it is not yet clear whether the recent spike marks the beginning of a sustainable revival of the entire real estate industry in China, especially when the domestic and global economies are still experiencing the impact of the global financial crisis.
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19-05-2009 :
CB Richard Ellis Named Fastest-Growing Retail Property Manager by Chain Store Age
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CB Richard Ellis Inc. (CBRE) has been named the world’s fastest-growing retail property manager by Chain Store Age. The retail industry publication’s May issue reported that CBRE added 18.7 million sq. ft. of new global retail property management assignments in 2008, 35% more than the next-highest-ranked provider. Chain Store Age noted that the “pros are back in charge, helping to stabilize distressed assets and improve already-healthy ones,” as retail property owners turn to quality managers during a challenging market environment.
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18-05-2009 :
Asian Property Investment Turing More Positive after Muted First Quarter
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The Asian property investment market suffered 83% q-o-q fall in sales in the first quarter of 2009 as investors’ appetite for risk remained weak and the gap between buyer / seller expectations continued to deter investment activity, according to the latest research report from CB Richard Ellis, Asia Investment MarketView Q1 2009. However, there was a noticeable improvement in sentiment in a number of key markets in March as the rate of economic decline appeared to be easing.
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06-05-2009 :
IAOP Ranks CB Richard Ellis # 1 Outsourcing Firm in Commercial Real Estate Services
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CB Richard Ellis Group, Inc. today announced that that it has been recognized as the #8 ranked provider of outsourcing services, as well as the highest ranking firm within the commercial real estate services sector, in the annual Global Outsourcing 100 released by the International Association of Outsourcing Professionals (IAOP). The list ranks the top outsourcing service providers across all industries.
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22-04-2009 :
London is Number 1 Destination for World’s Top Retailers
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London has emerged as the most international retail city in the world, attracting 60% of the world’s top retailers, according to the latest retail research report from CB Richard Ellis, How Global is the Business of Retail? London was followed by Paris (49% of retailers) and New York (47%) to round out the top three most popular destinations for retailers, but the surprise entry in fourth position was Dubai, enforcing its importance to the global retail landscape.
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07-04-2009 :
CB Richard Ellis Group, Inc. Named a Business Week 50 Best Performer
for the Third Year in a Row
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CB Richard Ellis (CBRE) has been named to the Business Week 50, that publication’s list of best performers across all industries, for the third year in a row. Business Week selects 50 best-in-class companies annually that represent the top performers in each of the ten industry sectors that comprise the Standard & Poors 500. CBRE was ranked #25 on the 2009 list, and is the only commercial real estate company to earn a place on this year’s Business Week 50.
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31-03-2009 :
CB Richard Ellis Participates in Earth Hour 2009
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CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2008 revenue), announced its participation in Earth Hour 2009 in a global effort to highlight the need to take action on climate change.
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23-03-2009 :
2009 Q1 PRC Property Markets View
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23 March 2009 - PRC property markets continued to exhibit weakened performance during the first quarter of 2009 as the global financial turmoil worsened. Financial concerns have caused many corporations, especially multinational companies, to cut operation costs and housing allowances. This in turn led the majority of office and residential leasing markets in China to witness downswing trends. The residential sales market also recorded negative price growth due to developers’ promotional discounts. However, retail markets fared relatively better than other property sectors due to the Chinese New Year holiday, a peak season for consumer purchases. The industrial sector has also been affected by the significant decline of the import and export trading industry, as well as by cutbacks of big manufacturing companies.
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18-03-2009 :
CB Richard Ellis Group, Inc. Selected by Nokia as Exclusive Global Real Estate Advisor
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In one of the most significant global corporate real estate outsourcing contracts awarded in recent years, CB Richard Ellis Group, Inc (NYSE: CBG), announced today that it has been selected by Nokia (NYSE: NOK), the world's largest manufacturer of mobile phones, as its exclusive global strategic real estate advisor. The services that will be provided include transaction management, brokerage and lease administration. The agreement will cover Nokia's 20 million square foot global portfolio, encompassing over 380 properties in 60 countries across Europe, the Middle East, Africa, Asia and the Americas.
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03-03-2009 :
INSITE Appoints CB Richard Ellis as Leasing Consultant of Channel One Shopping Centre in Shanghai
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INSITE today announced that it has appointed CB Richard Ellis as the leasing consultant of Channel One Shopping Centre in Shanghai. Channel One is managed by INSITE Asset Management Group Limited. Founded in 2008, INSITE is committed to provide high-quality, professional and integrated value added services for business assets in China's commercial real estate market. Through cooperation with CB Richard Ellis, INSITE once again demonstrates its modern management philosophy – to create business opportunities and attract people effectively via accurate brand positioning. The partnership is intended to create an attractive commercial atmosphere for consumers and build a high quality one-stop fashionable shopping base in Shanghai.
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17-02-2009 :
CB Richard Ellis Enhances Shopping Centre Management Capabilities
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CB Richard Ellis is pleased to announce the appointment of Andrew Kam as Executive Director, Shopping Centre Management, Greater China. Forming part of the Asset Services business line within CB Richard Ellis, Shopping Centre Management is a new specialised service which has been established by CB Richard Ellis in Greater China. Based in Shanghai, Andrew will take overall responsibility for the provision of services associated with shopping centre management. This includes the formulation of the strategic direction associated with the delivery of shopping centre management services and the implementation of related mandates.
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16-02-2009 :
Hong Kong Property Market Q4 2008 Highlights
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Hong Kong's economy has decelerated markedly in the fourth quarter as investment sentiment and consumer confidence plummeted significantly due to the global credit crunch, striking a hard hit towards the property market. The overall office rental dropped sharply in the final quarter of 2008, reversing the previous gains of the first nine months to close the year with a loss. The luxury residential market witnessed a great drop in sales transactions, resulting in significant drops in rental and capital values. The retail market was also seriously impacted as evidenced by the accelerated quarterly slide in retail rents across-the-board in all the prime shopping districts, with the first annual rental drop witnessed since the fourth quarter of 2003. A notable contraction in merchandised exports led to a weakening demand for industrial space, thus the overall rental level continued to drop.
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13-02-2009 :
CB Richard Ellis Group, Inc. Reports Full Year 2008 Revenue of US$5.1 billion
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CB Richard Ellis Group, Inc. (NYSE:CBG) today reported full year 2008 revenue of US$5.1 billion and diluted earnings per share of US$0.39. For the fourth quarter of 2008, revenue was US$1.3 billion and diluted earnings per share was US$0.03. These diluted earnings per share amounts do not include the impact of significant, pending, non-cash goodwill and other non-amortizable intangible asset impairments that are discussed later in this press release.
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04-02-2009 :
CB Richard Ellis Opens China Desk for EMEA Region
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CB Richard Ellis has opened a China Desk for its Europe Middle East and Africa (EMEA) region to support increasing client interest in the growing Greater China market. The desk will co-ordinate inbound and outbound cross-border activity between EMEA and Greater China. It will be headed up by Mr. Bryn Davies who joins the CBRE EMEA team from the company's Beijing office.
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19-01-2009 :
PRC Property Market Q4 2008 Highlights
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After holding up fairly well in the third quarter, markets across China began to register the impact of the global economic slowdown by year-end. The luxury residential market had been the first to succumb to diminished demand earlier in the year, and price drops continued in most markets over the fourth quarter, although government stimulus policies and discounts did help spark increased transactions in a few cities. Office markets became significantly affected by corporate cutbacks on spending, driving down rents and increasing vacancies in a number of markets, and raising fears of a lean year in 2009. The impact on industrial properties was limited, with most markets remaining fairly stable. Overall, China's retail rents fared the best, and presented the strongest hopes for 2009 as domestic consumption showed no signs of slowing. This helped prop up rents in most
markets despite more prudent expansion plans adopted by a number of retailers in anticipation, which did cause retail rent decreases in some North China cities.
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19-12-2008 :
CB Richard Ellis Appointed as Property Manager for World Finance Centre in Beijing
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Hong Kong developer Henderson Land Development Company Limited announced that CB Richard Ellis has been appointed as the property manager for its World Finance Centre (WFC) in Beijing. Both companies signed the agreement in the demonstration hall of the Beijing Fortune Centre. Senior delegates from Henderson Land and CB Richard Ellis attended the signing ceremony and delivered addresses to welcome the partnership. Attendees included: Mr. Andy C. K. Chan, Senior Estate Manager of Henderson Land; Mr. Joe Y. C. Chan, Sales and Leasing Director of Henderson Land (China); Mr. Alfonso Chu, Executive Director, Asset Services in Greater China, CB Richard Ellis and Daniel Yin, Managing Director of Beijing, CB Richard Ellis.
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10-12-2008 :
Hong Kong Property Market Outlook for 2009
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The outbreak of the global credit crunch and economic downturn will make 2009 a very challenging year for the property market. Demand remains weak and market transactions have been showing signs of sustained correction on the back of the gloomy economy. Price corrections will continue in the next 12 months and there is no doubt that the market will require time to recover.
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27-11-2008 :
London, Moscow Remain World's Most Expensive Office Markets; Hong Kong's CBD Breaks into Top Five
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London's West End and Moscow remain the world's two most expensive office markets, respectively, while Hong Kong's CBD, Tokyo's Inner Central District and Mumbai's Nariman Point round out the top five, according to CB Richard Ellis Group, Inc. (CBRE) Research's semi-annual Global MarketView/Office Occupancy Costs survey. The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended September 30, 2008.
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20-11-2008 :
Retail Rents Grow in Global Strategic Destinations
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Retailers are focusing on some of the major global fashion capitals, pushing rents in the world's most expensive retail locations even higher, according to CB Richard Ellis' latest Global Retail Rents Survey . Some smaller and secondary retail cities continue to see strong levels of growth, however global fashion capitals such as Hong Kong, London and Los Angeles now sit alongside these markets in the company's top 25 fastest growing retail rents index, whilst simultaneously claiming some of the most expensive retail rents in the world.
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17-11-2008 :
CB Richard Ellis Appoints China Head of Global Corporate Services
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CB Richard Ellis is pleased to announce that Mr. Helmut Weih has been appointed to the position of Director, Global Corporate Services in China. Mr. Weih, based in Shanghai, will oversee this specialized service offering in China, and will be responsible for both the leadership and management associated with key accounts as well as the development of the service platform across mainland China. The appointment forms part of the broader strategy of CB Richard Ellis in Greater China to enhance business capabilities and to meet growing levels of demand from corporate occupiers for a more sophisticated approach to service delivery across China.
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15-10-2008 :
CB Richard Ellis Expands Presence in Greater China with New Office in Chongqing
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CB Richard Ellis announced that it has opened a new office in Chongqing, a municipality in southwestern China. The new office in Chongqing represents the sixteenth full service office operated by CB Richard Ellis in Greater China and further enhances its service capabilities in response to demand from both domestic and international developers, investors and occupiers.
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02-10-2008 :
CB Richard Ellis Appointed Regional Real Estate Services Provider for
Prudential plc (United Kingdom) in Asia
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Prudential plc, an international retail financial service group with significant operations in Asia, US and the UK, has appointed CB Richard Ellis as its Regional Property Advisor for real estate services in Asia, where the organisation operates as Prudential Corporation Asia. The assignment covers approximately 5.45 million square feet of portfolio cross Mainland China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam.
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11-09-2007 :
First Half 2007 Sees Buoyant Real Estate Investment Conditions in Asia
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Strong buying interest was witnessed in Japan and Singapore in the first half of 2007, with the collective investment amount in large-lot deals in the two countries accounting for over half of the regional total. The buying spree by international institutions and REITs continued as they remained active throughout the region. The combined value of the quarter's ten largest investment deals amounted to US$6.9 billion, with the acquisition of a portfolio of industrial properties by Secured Capital Japan and DLJ Real Estate Capital Partners at a price over JPY 160 billion topping the list.
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30-08-2007 :
Continued Expansion of Retailers in Asia Spurs Robust Retail Property Demand
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The second quarter of 2007 saw continued expansion by both local and international retailers in most major Asian cities. Driven by rising consumer and tourist spending, developers in the first-tier cities of China, the Philippines and India remained keen on building prime shopping centres. The major exception to this trend was Bangkok, where activity remains lackluster amid weak market sentiment.
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08-08-2007 :
The Hong Kong Property Market Half Yearly Review & Forecast
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Hong Kong celebrated its first decade since the handover as good news flooded in during the first half of the year. Buoyed by the latest expansion in mainland wealth management opportunities under the Qualified Domestic Institutional Investors (QDII) schemes, institutional funds stepped up their pursuit of equities in the Hong Kong stock market...
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07-08-2007 :
Development Potential of Regional Shopping Centres in Kowloon Bay and Kwun Tong
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Since the June 2007 opening of MegaBox and EMax in Kowloon Bay, the district promptly appears to be Hong Kong's hot new shopping spot. Shoppers flocked to the malls, especially during holidays, enhancing the retail atmosphere of the whole region. However, there is some concern as to whether this success will continue in the long-run, especially as newcomers enter the region's retail market. CBRE Research's study found that the business environment of regional shopping centres in Kowloon Bay and Kwun Tong should be promising. The malls' success will depend on whether operators employ appropriate business strategies to enhance competitiveness amid a growing number of rivals.
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29-06-2007 :
Review of Hong Kong's Property Investment Market During the First Half of 2007
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Hong Kong's strategic location, well-developed infrastructure and services, along with the city’s free flow of information and low and simple tax system, have made Hong Kong a world-class city for more than a century. Hong Kong being an international financial and business hub, dozens of overseas companies have set up headquarters here as a base for their regional operations in the Asia-Pacific region. Such a huge influx of foreign investment generates great demand for real estate, providing an immense range of opportunities for property investors.
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12-06-2007 :
London, Tokyo Remain World's Most Expensive Office Markets
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London's West End, the City of London and Tokyo's Inner and Outer Central Five Wards are the top four most expensive office markets in the world, respectively, according to CB Richard Ellis Research's semi-annual Global Market Rents survey. The report tracks the world's most expensive markets as well as markets with the fastest growing rents over the past 12 months.
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31-05-2007 :
Luxury Residential Market from Handover to Today and Forecast for the Future
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The Hong Kong luxury residential market has undergone a number of distinct cycles since the Handover in 1997. Following the difficult period which the market underwent between 1998 -2003, in which the luxury residential sector was successively impacted by the eruption Asia financial crisis, implosion of the dot.com bubble and the outbreak of SARs, commencing in year-end 2003 the emergence of closer cooperation between Mainland and Hong Kong governments has ushered in a period of buoyant economic growth in the local economy.
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23-05-2007 :
Office Rents in Asia Demonstrate Strong Sustained Growth
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Asia's office markets surged ahead in the first quarter of 2007 with most cities recording increases in prime office rents. Expansion in the financial services sector provided much of the impetus for upward momentum in the core districts of the region's leading international business hubs — Tokyo, Hong Kong and Singapore. Meanwhile China's leading financial centre, Shanghai, has benefited from the growth of the banking industry following the country's further round of deregulation of overseas banking players in December 2006, while Beijing and Guangzhou saw robust demand from MNCs.
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09-05-2007 :
En-bloc Sale of Southtex Building in Kwun Tong by Public Tender
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CB Richard Ellis has been appointed as the sole agent of Southtex Building, located on 51 Tsun Yip Street, Kwun Tong, for its public tender sale. The total floor area of Southtex Building approximates 63,217 sq. ft. and the tender is scheduled to close at 12:00 noon (HK Time), 28 June, 2007 (Thursday).
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29-03-2007 :
CB Richard Ellis' Views on the Hong Kong and Macau Real Estate Investment Markets
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On the back of strong economic fundamentals and optimistic outlook, investor sentiment in Hong Kong remained generally positive in the first quarter of 2007. Demand from both investors and end-users persisted, although the volatility in global and local stock markets has led some investors to become more cautious. As for the Macau's investment market, the booming of the development of entertainment complexes in Macau which commenced in 2003-2004 reached its greatest intensity in 2005. By mid-2006, however, it had abated slightly, as concerns emerged in some quarters about whether demand would ultimately be sufficient to support the large number of entertainment facilities being planned.
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