RETalk Asia

Thailand Office Demand Reflects Global Future of Work Trends: JLL JLL Thailand (NYSE: JLL) released a series of articles based on its Future of Work 2024 survey, exploring key topics, from technology, to design and environmental, social and governance (ESG). "The influx of modern office supply in Thailand signifies a transformative shift in the workplace landscape. Companies have a unique chance to reexamine their workspace strategies, ensuring they meet employee expectations for flexibility and sustainability while driving productivity and innovation" said Mr. Michael Glancy, Managing Director for Thailand and Indonesia at JLL. "Workplace design is emerging as a strategic lever for Thai companies to achieve both talent and environmental goals. The demand for newer, tech-enabled spaces demonstrates a shift in priorities, where offices are expected to reflect organizational values, enhance employee experiences, and contribute to broader ESG commitments.”said Mr. Anawin Chiamprasert, Head of Research & Consulting at JLL Thailand. Read more on RETalk Asia - https://lnkd.in/gq5Eetch Capital Markets at JLL Andrew Peck Stuart Crow Dan Tantisunthorn Susheel Koul #thailandmarket #jllthailand #jllnews #jlltrends #jllresearch #officeinvestment #officetrends #officetrends #officedesign #Thailandrealestate #officebuildings

Hongkong Land Limited launches next-generation tenant engagement service Hongkong Land Limited announced the launch of Centricity App 2.0, the new and improved digital gateway provides office tenants and their staff with more personalised and seamless access to Hongkong Land services. Neil Anderson, Director and Head of Office, Commercial Property, Hongkong Land Limited, said: “Centricity is an unmatched tenant engagement platform in Hong Kong and we are delighted by its success as it marks its fifth anniversary. As well as providing tenants and their employees with convenient and flexible access to a broad range of services, amenities and spaces in the heart of Central, it curates exclusive privileges and experiences that meet their diverse needs. In short, it embodies our newly introduced brand promise – “Experience is central.” Ms Iris Chan Assistant General Manager, Hongkong Land, said: “Centricity is a focal point for the business and luxury lifestyle community in Central, Hong Kong. From Sotheby’s auctions and luxury brand fashion shows to wellness workshops and corporate functions, Centricity delivers exceptional experiences that enrich the working day lives of our more than 400 tenants and their guests.” Read more on RETalk Asia -  https://lnkd.in/gyk6TcAJ Michael Smith Craig Beattie Stuart Grant Iris Chan Alexander Li Melody Ho Neil Anderson Darren O'Shaughnessy Robert Wong Tom Andrews Monica Hong #realestatetechnology #realestateasia #retalkasia #realestatehongkong #hongkongmarket #proptech #officeleasing #officemanagement #officebuildings #hongkong #hongkongretail #luxuryretail #hkl #hongkongland

Odin Hills unveils Keiji Ashizawa designed Clubhouse vision for Niseko Residential Community Odin Hills, situated amidst the majestic mountains of Niseko, stands as a symbol of alpine luxury living, achieving a significant milestone with 60% of the plots for residential development now sold. The careful planning and quality of execution that defines Odin Hills is evident in the successful completion of all infrastructure developments for Phases 1, 2 and 3. The developer is gearing up for a new generation of luxury living with the 2025 opening of the Clubhouse which will be anchored at the heart of the residential community. Future Vision and Design Mastery at Odin Hills Led by Pritzker Prize winner Shigeru Ban Architects and renowned Japanese architects including Keiji Ashizawa, Ryuya Umezama and Kazuyo Sejima + Ryue Nishizawa / SANAA. Read more on ReTalk Asia - https://lnkd.in/gH3J7VGx RETalk Asia Shigeru Ban Architects Keiji Ashizawa Kazuyo Sejima + Ryue Nishizawa / SANAA. #japannews #japanhotels #japanresort #realestatedevelopment #japanmarket #japanrealestate #hotelnews

Bangkok Shopping Centre Business 1H 2024 - Knight Frank Thailand The Bangkok shopping centre business in Thailand is experiencing significant recovery, buoyed by the steady influx of international tourists. Projections for 2024 estimate a total of 35.99 million foreign visitors, approximately 88% of the pre-COVID-19 levels seen in 2019. The Bangkok shopping centre sector is expected to maintain growth in both supply and demand towards the end of 2024, driven by sustained international tourist arrivals. This period will also see the launch of major township projects like One Bangkok and Dusit Central Park. These developments are well-positioned to support increased consumption by foreign residents and business travellers, benefiting from Thailand’s rising role as a hub for data center investments. Read more on The RETalk Asia - https://lnkd.in/g7hxVbMu Sunchai Kooakachai Panya Jenkitvathanalert Nattha Kahapana Phanom Kanjanathiemthao Sanjeev Arora Knight Frank Thailand Craig Shute COMMO #knightfrank #Knightfrankthailand #commercialrealestate #thailandmarket #thailandrealestate #retailrealestate #retailproperty

Hong Kong's real estate market faces continued challenges in 2025 - JLL Hong Kong's commercial and residential markets continued to consolidate in 2024 amid high vacancy rates and weak economy said Joseph Tsang, Chairman of JLL in Hong Kong. Cathie Chung, Senior Director of Research at JLL, said: "In 2025, the market will still face oversupply issues and economic uncertainties. The economic and interest rate policies under the new US administration will significantly impact the housing and property investment markets. The office leasing market is expected to gradually improve, with a significant reduction in new office supply anticipated from 2027." Sam Gourlay, Head of Office Leasing Advisory, Hong Kong Island at JLL, said: "Developers and landlords should consider the changing size requirements of businesses and provide larger, more flexible floor plate sizes. New projects with larger floor plates will attract tenants’ interest." Jeannette Chan, Senior Director of Retail at JLL in Hong Kong, said: "Leasing demand is expected to remain active in 2025. We anticipate that retailers will target prime locations at relatively lower rental rates and aim to secure favourable lease terms. "Looking ahead, we expect the pace of rate cuts to be slower, potentially prolonging the property downturn. A rise in distressed properties listings is probable next year, as numerous owners continue to grapple with refinancing high-interest loans." Oscar Chan, Head of Capital Markets at JLL in Hong Kong, said. Read more on RETalk Asia - https://lnkd.in/gftt4vgz Daniel Yao Bruce P. Andrew Peck JLL Hong Kong Yvonne Liu #jllnews #jll #jllhongkong #realestate #realestatemarket #realestateindustry #hongkongrealestate #realestatemarkets #realestate2025

Savills appointed as sole agent for the sale of No. 318 Hennessy Road International real estate firm Savills has been appointed as the sole agent to market No. 318 Hennessy Road, Wan Chai ("The Property") for sale. Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kong said, “The retail floor currently leased to several renowned restaurants, providing stable rental income and immediate returns for buyers. Additionally, the commercial building on Hennessy Road, including naming rights, is extremely rare and is highly suitable as a headquarters for large corporations or for long-term rental investment.” Read more on RETalk Asia - https://lnkd.in/gRfMUJcP Raymond Lee Raymond Wan Thomas Ng Savills Hong Kong Savills Greater China Jacke Chye COMMO #savills #savillshongkong #hongkong #realestate #commercialrealestate #hongkongrealestate #commercialproperty #commercial

Prime 100-Acre Freehold Industrial Land in Prai, Penang for sale - Knight Frank Malaysia Knight Frank Malaysia(KFM) announce its exclusive appointment for the sale of a 100-acre freehold industrial land in Prai, Penang. Allan Sim SL, Executive Director of Land & Industrial Solutions at Knight Frank Malaysia, "Penang has long been recognized as one of Malaysia’s key industrial hotspots, particularly for the electronics and electrical (E&E) industry. We are confident that the state will continue to play a prominent role in shaping its industrial real estate as an important platform for international and local industries." Mark Saw, Executive Director and Head of Knight Frank Penang Branch, expressed his enthusiasm for the sale, saying, "This industrial site is truly one of a kind. It may be one of the largest privately held freehold industrial lands in Penang, and it is fully equipped with high power and water capacity. It’s strategically located with excellent road connectivity and is in close proximity to major seaports, making it an ideal site for industrial development, logistics, warehousing, and large-scale manufacturing operations." Read more on ReTalk Asia - https://lnkd.in/grETjBV6 Alvin Lee Goh Chong Theng Jane Low Lewis Lim #knightfrankmalaysia #knightfrank #industrialland #industrialrealestate #industrial #malaysiamarket #malaysiarealestate

Colliers completes largest Seoul CBD transaction in 2024 D-Tower Donuimun in Seoul sold by Colliers’ Capital Markets & Investment Services team for US$653 million, being the largest transaction (by volume) in the Seoul CBD for 2024 and the second largest Korea-wide this year. “D-Tower Donuimun is a rare asset in the CBD of Seoul due to its excellent accessibility, visibility and supreme physical condition,” Dr. Jisang Ahn, Colliers Director of Capital Markets & Investment Services in Korea, said. "Not only does the steady cashflow by credible tenants make this asset an attractive investment opportunity, but significant rental growth is expected, either through rental conversion from existing tenants or by attracting new blue-chip tenants.” Dr. Jisang Ahn added. Read more on RETalk Asia - https://lnkd.in/gm8pBzrp Sungwook Cho Minsoo Yuk Jay Cho Suah Baek Joan Jeong RETalk Asia Christopher Pilgrim Bastiaan van Beijsterveldt John Marasco John Kenny COMMO #korearealestate #koreamarket #colliers #seoulmarket #seoulinvestment #office #officebuilding #officeinvestment #seoulrealestate #collierssouthkorea

Southeast Asia’s Luxury Real Estate Market in 2025: Minor Residences, the luxury real estate portfolio of Minor International, has released its annual trend report for 2025. Analysing the sales figures and viewing inquiries received in 2024, the report finds that despite rising inflation and interest rates, Southeast Asia’s luxury real estate market is set for continued growth in 2025. The APAC region’s luxury real estate market is expected to see continued demand for high-quality, ultra-luxury living, a rising interest in second homes and a growing emphasis on sustainability. Additionally, there will be a continued high demand for smart design that prioritises spaciousness and exclusivity. Minor Residences, with many projects featuring these attributes, is poised to lead this market with innovative designs and exceptional services that cater to the evolving needs of UHNWIs. Read more on ReTalk Asia - https://lnkd.in/gjQRMETh William Heinecke Ramon Aragonés Marín Anhul Chauhan Stephen Chojnacki Chaiyapat Paitoon, CFA Kosin ChantikulAurakanda Attavipach Chompan Kulnides #southeastasia #luxuryrealestate #luxurylist #realestatemarket #phuket #thailandrealestate #phuketrealestate

Hongkong Land Limited launches $8 Billion Westbund Central at Shanghai Westbund Financial Hub Hongkong Land Limited has unveiled Westbund Central in Shanghai, its largest single investment at $8 billion, marking a strategic focus on ultra-premium integrated commercial properties in Asia’s gateway cities, says Michael Smith, Chief Executive, Hongkong Land Limited. At a keynote event held yesterday, Hongkong Land officially unveiled Westbund Central at Shanghai West Bund Financial Hub, the Group's largest ever single investment. This latest development reinforces the vast project’s position as a key anchor gateway city project alongside the Group’s commercial properties in Hong Kong and Singapore. Westbund Central joins LANDMARK in Hong Kong as a flagship of the Group’s CENTRAL Series of prime commercial projects in China and embodies Hongkong Land’s new strategic focus on developing ultra-premium integrated commercial properties in key Asian gateway cities. Mr Alvin Kong, Executive Director and Chief Commercial Officer, Hongkong Land Limited, commented: “Westbund Central will form an integral part of our CENTRAL Series of world-class commercial properties that will extend across key Chinese and Asian cities. Its scale, quality and breadth of offering are astounding. Imbued with modern sophistication, culture and sustainability, Westbund Central will redefine the urban retail, workspace and hospitality experience for millions of local people and visitors to Shanghai.” Read more on RETalk Asia: https://lnkd.in/d8eEkgi2 The ASEAN Developer COMMO Hongkong Land Limited Michael Smith Alvin Kong Mandarin Oriental #hongkongland #westbundcentral #shanghai #realestate #commercialrealestate #luxurydevelopment #commercialproperty #asiangateway #urbaninnovation #mandarinoriental #centralseries