covid 19

"Average multi-family rents continued to soften in Q3/2020, though occupancy has held steady. Amidst the ongoing COVID-19 outbreak in Tokyo, companies are expected to maintain remote and flexible working arrangements for the time being. Preferences for residential unit type, size, and location appear to be shifting as a result."

"The eye-catching sale of 37 Shouson Hill Road for HK$2.5 billion to Hang Lung Properties suggests that there is still life in the super luxury sector."

"Grade A office rents are now in their longest downcycle since the Global Financial Crisis."

"While July and August saw further falls in retail sales, albeit at a slower rate, we began to see signs of returning foot traffic in September.  "

"Warehouse vacancy has stabilized with more renewals and consolidation of leases taking place thanks to greater flexibility in rental negotiations."

"Strata-title sales have staged a muted rebound but banks’ prudent mortgage policies are hindering cash-strapped investors from re-entering the market."

"A mixed picture of rental development is reflecting business uncertainty as well as local market dynamics."

"The global pandemic has reinforced the importance of e-commerce to everyday life, and the logistics sector has been a prime benefi ciary of this trend. As such, market fundamentals appear sound. Whilst the uncertainties surrounding COVID-19 could cause some unrest going forward, the sector continues to be underpinned by structural changes driven by e-commerce. In the meantime, valuations are likely to continue to be put under pressure."