Commercial Other

The total shophouse transaction value declined 35.6% to S$625.2m in the same period.

Hong Kong is back on the top 5 after a 4-year hiatus.

This is the fourth consecutive year that Tokyo takes this spot.

Commercial property investments rose 53% in this market. 

But don’t expect much growth just yet early in the year.

Office and logistics buildings were the commonly acquired properties.

The market is expected to continue to favour tenants.

Only 101 big deals were closed during the year.

The transaction was worth S$2.16 billion.

The IT business process management industry is one of the key factors.

Only 40% of Grade A office stock is green-certified.

Learn  more about what to expect from Hong Kong’s property capital market in 2023.

Analysts predict property values will continue to rise, albeit at a slower rate.

APAC investment volumes could drop by up to 10% this year, but capital inflows to this sector could rise 6%.

Logistics and office rents are expected to increase 5.5% and 2%, respectively.

This represents 67% of the annual peak in 2021.