The Business Times
business-time-50

Buyers could have last laugh if Apac commercial real estate standoff drags on

google-preferred-sourceAdd BT as a preferred source
    • For all the battering that Hong Kong has taken, prices in its bellwether office sector have fallen only 7 per cent over the past two years.
    • For all the battering that Hong Kong has taken, prices in its bellwether office sector have fallen only 7 per cent over the past two years. PHOTO: AFP

    David Green-Morgan

    Published Sat, Jul 15, 2023 · 05:00 AM

    TO SAY that commercial real estate activity in the Asia-Pacific (Apac) has been lacklustre is an understatement.

    Recent headlines have centred on eye-bulging increases in transaction volume in Hong Kong and Singapore, but these are outliers. The reality is that deal counts remain in the doldrums and only these two markets globally showed higher deal volumes in the first quarter of 2023, according to MSCI’s latest Apac Capital Trends report.

    In fact, if you strip out the effects on Hong Kong from the massive US$830 million distressed sale of Goldin Financial Global Centre in Kowloon, it seems even clearer that not all is rosy.

    commercial real estateCommercial propertyAsia-Pacific

    TRENDING NOW

    National Development Minister Chee Hong Tat says: “The best way is for the government to shape behaviours with the judicious use of market-based incentives, where possible.”

    ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

    National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

    15-month wait-out curb lifted for private property owners buying HDB resale flats

    Residential auction demand is primarily driven by upgraders seeking larger family homes and investors eyeing future capital gains, says an analyst.

    Mortgagee-sale listings hit six-year high in H1 2026 as financing conditions tighten

    Justin Quek, CEO of OrangeTee and Deputy Group CEO of Realion Group (right), with Dr Tan Tee Khoon, head of KF Property Network.

    Knight Frank winds down real estate agency unit, agents to move to OrangeTee & Tie

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More