Survey shows a decline in prices in most Asian cities
Article Abstract:
Prices for real estate properties such as office space and residential apartments in Hong Kong increased during the first quarter of 1997, defying general trends in Asian cities. Declines in rents and prices for offices and apartments have characterized Asian cities such as Beijing and Shanghai, while prices in Japan are expected to recover after bottoming out. Hong Kong remains the region's most expensive city in terms of property prices. Prime office spaces average US$19,000 per square meter while luxury apartments cost some US$14,000 per square meter.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Construction may rebound
Article Abstract:
Construction activity in Asia (outside of Japan) will likely increase in 2003, thanks to public works projects. Construction activity in Hong Kong will fall 15% in 2001, and construction activity in China will grow under 10% in 2001-2003. The study from BIS Shrapnel of Australia expects construction activity to rise in 2002 in Singapore, South Korea and Taiwan.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Asian cities face increased demand for office space
Article Abstract:
The number of office workers in Asia will increase to 184 million in 2010, creating a need for an added 137 million square meters of office space. Construction will be required to meet the demand. Related figures show the forecasted demand for office space in Asia and a real estate market snapshot of Singapore.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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