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Yahoo
13-06-2025
- Business
- Yahoo
Half of MNCs plan office expansion: Knight Frank
This anticipated growth amounts to approximately 104 million sq ft of additional office space (Photo: Samuel Isaac Chua / EdgeProp Singapore) According to a report by Knight Frank, half of corporate real estate leaders plan to expand their total office footprint over the next three to five years. This anticipated growth amounts to approximately 104 million sq ft of additional office space. The findings come from the consultancy's (Y)OUR SPACE survey, drawing from responses from over 300 corporate real estate leaders representing some of the largest international corporations globally. The report found that economic and geopolitical uncertainty is a key driver behind the expansion. In response, companies are building greater optionality into their property strategies, opting for shorter leases, more flexible formats and locations that support risk diversification and access to talent. Read also: Hines, Kanakia, Mitsubishi Estate and Sumitomo Corp JV unveil landmark office project in Mumbai 'Flexibility and resilience are vital for decision-makers in the current climate,' says Tim Armstrong, partner and global head of occupier strategy and solutions at Knight Frank. 'Corporates are committing to new space but building in flexible lease terms and options on pre-lets to remain nimble.' Workstyle evolution was also a key factor for corporate real estate leaders, according to the survey. About 30% of responses cited the shift to more flexible working arrangements as a key factor guiding their real estate strategy over the next three years. Among those surveyed, only 10% expect their employees to be present in the office for five days a week. 46% expect to follow a balanced hybrid workstyle, while the next 22% plan to be 'office first', where employees are expected to be in the office for the majority of the week. In contrast, 7% of respondents expect to be 'remote first' while the remaining 4% of respondents plan to offer a 'work from anywhere' arrangement. See Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) Hines, Kanakia, Mitsubishi Estate and Sumitomo Corp JV unveil landmark office project in Mumbai US tariff shifts to drive industrial real estate growth in Vietnam and Indonesia: Knight Frank New Zealand Hotel Holdings divests portfolio of hotel assets worth $554 mil En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
Yahoo
09-05-2025
- Business
- Yahoo
Hong Kong's home prices slip towards nine-year low as Trump tariffs spook buyers
Potential buyers seen during the launch of the Gold Coast Bay project in Tuen Mun in January 2025 (Photo: Elson Li/SCMP) Hong Kong's lived-in home prices fell for a fourth straight month in March, dragging a key market indicator to the lowest level in more than eight years, as the threat of a global tariff war stoked economic uncertainty and sapped investment appetite. Prices in the secondary market declined 0.49% in March, according to an index published by the Rating and Valuation Department on Monday, following a 0.56% setback in February. The index has retreated a cumulative 1.7% for the quarter to the level last seen in July 2016. Since the city's housing market peaked in September 2021, prices of lived-in homes have slumped by 28.6% as social unrest and the Covid-19 pandemic sent the local economy into a recession. US President Donald Trump delivered his tariff blows on April 2, after threatening to do so since his inauguration in January. Looking to invest in overseas properties? Explore projects available for sale around the world 'Potential buyers took a wait-and-see approach,' said Eddie Kwok, executive director, valuation and advisory services, at CBRE Hong Kong. Home prices were likely to dip further in the coming months, with the US and China still locked in worsening trade tensions, he added. Meanwhile, rents in the city rose for the fourth straight month in March to the highest level since October, according to government data. Rents climbed 0.1% from a month earlier, and have risen by a cumulative 0.4% since the start of the year. Buyers were putting off home-buying plans in favour of renting, Kwok said, given the heightened trade tensions and doubts about future global interest-rate cuts. 'Going forward, we see residential rents picking up as the city welcomes more immigrants, especially during the summer period with non-local students preparing for the next academic year,' he added. See Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) CapitaLand Development's Orchard Heights sees 98% booking rate at launch in Vietnam Prime Penang properties worth up to RM400 mil for sale Thakral's Australian associate GemLife to develop A$428 mil lifestyle resort in Queensland En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
