INRnews - Indian Real Estate & Property News

Hong Kong, SAR, February 05, 2007 - According to real estate services firm Cushman & Wakefield, Hong Kong’s Grade ‘A’ office market continued to edge higher towards the finish of 2006 and January 2007. The non-Hong Kong island areas of Tsimshatsui and decentralised locations were the only areas to experience negative rental growth in the past 3 months.

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Beijing, January 31, 2007 - The Beijing office market was still on a slight rise in November according to real estate services firm Cushman & Wakefield. Net effective rents in the Prime office market achieved a slight increase of 1.8% to US$ 40.64 per sq m per month since last month. Average rents for Grade A and Grade B office market marginally went up to US$ 27.04 and US$ 17.75 per sq m per month, respectively.

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Shanghai, January 31, 2007 - According to latest research from Cushman & Wakefield, the leasing performance of the Shanghai Grade ‘A’ office market remains strong in the 4th quarter. With limited supply and large demand generated by the aggressive expansion plans of MNC’s into China, the rental rate keeps rising at a stable rate, and vacancy rates remain at a low level.

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