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‘Subdued leasing while investment strengthens further’ – Jones Lang LaSalle’s Asia Pacific Property Digest Q2 2013 now available


SINGAPORE, 20 August 2013 – Jones Lang LaSalle has released its Asia Pacific Property Digest (APPD) for Q2 2013, providing latest quarterly data and analysis of the office, retail, industrial, residential and hotel real estate markets for over 20 key cities across Asia Pacific.

During the quarter, the region’s property markets continued to record a mixed performance due to a sharp divergence between leasing and investment activity. The findings include:

  • Slow office leasing activity across the region due to on-going corporate caution and cost saving
  • Modest office rental growth across most major cities with Jakarta, once again, leading the region with 37 percent year on year growth
  • Healthy retailer demand, albeit with some signs of slowing in the luxury segment
  • High-end residential leasing demand in line with the office sector with mainly flat rents or slow growth
  • Strong growth in commercial real estate investment activity across the region, up 18 percent year on year, driven by Japan, China and South Korea

In addition to the sector overviews from the first half of the year, the latest APPD includes accompanying podcasts from across the region including:

  • An overview of the Asia Pacific economy and property market in the first half of 2013 from Dr Jane Murray, Head of Research Asia Pacific.
  • Strong investment activity in the Australian commercial real estate market – Dr David Rees, Head of Research, Australasia.
  • A look at the difference in sentiment between occupiers and investors in Greater China – Michael Klibaner, Head of Research, Greater China
  • Healthy retailer demand in Southeast Asia, mixed trends in the office market – Dr Chua Yang Liang, Head of Research, Southeast Asia.
  • Rising rents in Central Hong Kong for the first time since Q2 2011 while capital values remain stable despite a drop in investment volumes – Denis Ma, Local Director of Research, Hong Kong.
 
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Notes to editors
  1. Bookmark the Jones Lang LaSalle Asia Pacific Property Digest webpage to access the full report, feature articles and video commentaries. http://www.joneslanglasallesites.com/appd/
  2. The Jones Lang LaSalle Asia Pacific Property Digest includes coverage of over 20 markets in Greater China, North Asia, South East Asia, India and Australasia.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 26, 100 employees operating in 79 offices in 14 countries across the region. The firm was named ‘Best Property Consultancy’ in nine Asia Pacific countries at the International Property Awards Asia Pacific 2012, in association with HSBC, and was named the number one real estate advisory firm in Asia Pacific in the Euromoney Real Estate Awards 2012. www.ap.joneslanglasalle.com 
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