CBRE releases 2021 Seoul Office Tenant Profile and Outlook report to identifying demand drivers
According to the report, leasing activity volume recovered significantly starting in the second half of 2020, backed by aggressive expansion activities by companies, and Seoul’s Grade A office market recorded the highest net absorption of 555,000 sq. m. in 2021 despite the ongoing pandemic.
Asia Pacific real estate investment surges 20% in Q1 2022: JLL Research
We are still seeing intense competition for assets and maintain our projection of over $200 billion in direct investment into Asia Pacific for 2022,” says Stuart Crow, CEO, Capital Markets, Asia Pacific, JLL.
CBRE Topped Korea Commercial Real Estate Investment Sales Activity in 2021
“CBRE’s remarkable achievement in Korea underscores the incredible effort from our outstanding professionals and our client-focused approach to delivering exceptional outcomes, said Sean Choi, Head of Capital Markets, Korea.
Tom Gaffney Regional Managing Director CBRE Hong Kong said, “The world is changing. Our business continues to evolve and develop in order to meet the new requirements of an ever-changing real estate landscape.”
CBRE Korea hosts webinar on notable up and coming office markets ‘Pangyo, Magok, Seongsu’
CBRE Korea hosted a webinar covering the high potential and positive prospects of the Pangyo, Magok and Seongsu business districts. Claire Choi, Head of Research at CBRE Korea, Sean Choi, Head of Capital Markets at CBRE Korea, and Andy Park, Head of Advisory and Transactions (A&T) Services...
JLL Hotels & Hospitality Group launches dedicated South Korea business
JLL Hotels & Hospitality Group today announced the launch of its dedicated South Korea advisory and investment services office in Seoul. By establishing an on-the-ground presence, JLL becomes the first international advisor to offer a dedicated hospitality real estate practice in South Korea...
Asia-Pacific prime residential prices continue to rise amid the COVID-19 pandemic, not despite it
Knight Frank’s forthcoming edition of The Wealth Report reveals the result of its Prime International Residential Index (PIRI 100). The index tracks the movement of luxury residential prices in 100 cities and second home markets globally for the 12-months ending December 2020, with four Asia-...
Wyndham Hotels & Resorts Continues Strong Growth in Asia Pacific with Accelerated Expansion Planned in 2021
With 180 hotel openings expected in 2021 alongside its robust Asia Pacific development pipeline, Wyndham Hotels & Resorts is helping to drive the hospitality industry forward into recovery.
Asia Pacific commercial sales dip as cross-border capital retreats - report
New data from Real Capital Analytics has shown the sales of commercial property in the Asia Pacific region fell by 38 per cent in the third quarter of the year as the global health crisis put a dampener on cross-border dealmaking.