{"id":39565,"date":"2024-10-21T17:03:29","date_gmt":"2024-10-21T10:03:29","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=39565"},"modified":"2024-10-22T00:17:46","modified_gmt":"2024-10-21T17:17:46","slug":"momentum-builds-for-australias-commercial-property-market-and-more-news","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/","title":{"rendered":"Momentum builds for Australia\u2019s commercial property market, and more news"},"content":{"rendered":"
\"\"
ymgerman\/Shutterstock<\/figcaption><\/figure>\n

For PropertyGuru\u2019s real estate news roundup, Australia\u2019s commercial property market picked up momentum in the third quarter, as offshore investors, domestic institutions, and private capital drove activity. In other headlines, Thailand\u2019s stimulus committee is scheduled to meet later this October to discuss more measures, including those for the real estate sector. Finally, business leaders in APAC are bullish on the future, with 7 in 10 expecting their CRE budgets to increase between now and 2030.<\/p>\n

Australia\u2019s commercial property market picks up as deal-making soars to AUD6.2 billion<\/b><\/p>\n

Australia\u2019s commercial property market picked up momentum in the third quarter, as offshore investors, domestic institutions and private capital drove activity.<\/p>\n

Real estate agency JLL said office, retail and industrial deals during the period hit AUD6.2 billion, a 40 percent increase on the figure for the same time last year. The still-hot industrial sector topped sales volumes in the quarter at AUD2.2 billion, with offices at AUD2.1 billion and AUD1.9\u00a0 billion for retail.<\/p>\n

According to realcommercial.com.au<\/a>, foreign investors are driving the rebound in office transactions and accounted for two of the top three office trades in the third quarter of 2024, including German company Deka\u2019s pending acquisition of 333 George St for AUD395 million and Hong Kong\u2019s PAG buying 367 Collins Street for AUD315 million.<\/p>\n

Thailand: More property stimulus could be on the way\u00a0<\/b><\/p>\n

The stimulus committee is scheduled to meet later this October to discuss more measures, including those for the real estate sector, says Deputy Finance Minister Paopoom Rojanasakul.<\/p>\n

Mr Paopoom said in Bangkok Post<\/a> that the real estate stimulus measures would target demand and supply, aiming to prod property buyers and developers to create a comprehensive impact.<\/p>\n

He said new stimulus measures were needed because the existing ones were fully utilised.<\/p>\n

The Finance Ministry recently utilised state financial institutions like the Government Housing (GH) Bank to support real estate stimulus.<\/p>\n

APAC business leaders eye increased CRE investment by 2030 – JLL<\/b><\/p>\n

Despite the challenging commercial real estate (CRE) landscape and mixed economic environment, business leaders in APAC are bullish on the future, with 7 in 10 expecting their CRE budgets to increase between now and 2030, as revealed in JLL\u2019s Future of Work survey. The biennial, global survey explores the evolving world of work by assessing the key priorities, challenges and strategies that are top of mind for more than 2,300 business and CRE decision-makers.<\/p>\n

\u201cSince our 2022 survey, the CRE landscape has become increasingly complex and dynamic, evolving toward better office use. We see that in these results, and in our conversations with clients,\u201d said Neil Murray, Global CEO, Work Dynamics, JLL in RETalk Asia<\/a>. \u201cLooking ahead, business and CRE leaders working to drive talent and efficiency throughout their organisation must consider the unique needs of their organisation, and leverage tools such as tech, AI, and upskilling, as well as strategic partnerships across the value chain to enable the CRE function to reach its full potential as a powerful agent of transformation.\u201d<\/p>\n

The Property Report editors wrote this article. For more information, email: <\/i>propertyreport@propertyguru.com<\/i><\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s CRE picks up, Thailand\u2019s property stimulus, APAC\u2019s CRE investments<\/p>\n","protected":false},"author":12,"featured_media":39566,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1646,3802,3819,638],"class_list":["post-39565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-commercial-properties","tag-news-roundup","tag-property-stimulus","tag-real-estate","news_country-asia-pacific","news_country-australia","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"\nMomentum builds for Australia\u2019s commercial property market, and more news | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Momentum builds for Australia\u2019s commercial property market, and more news | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s CRE picks up, Thailand\u2019s property stimulus, APAC\u2019s CRE investments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-21T10:03:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-21T17:17:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/10\/shutterstock-2159799407-671679bd6307a.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Contributing Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributing Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/\"},\"author\":{\"name\":\"Contributing Writer\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/60e0732a149bc2fbe99629e45c8be3c2\"},\"headline\":\"Momentum builds for Australia\u2019s commercial property market, and more news\",\"datePublished\":\"2024-10-21T10:03:29+00:00\",\"dateModified\":\"2024-10-21T17:17:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/\"},\"wordCount\":524,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/shutterstock-2159799407-671679bd6307a.webp\",\"keywords\":[\"commercial properties\",\"news roundup\",\"property stimulus\",\"real estate\"],\"articleSection\":[\"News\",\"Property Report\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/\",\"name\":\"Momentum builds for Australia\u2019s commercial property market, and more news | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/shutterstock-2159799407-671679bd6307a.webp\",\"datePublished\":\"2024-10-21T10:03:29+00:00\",\"dateModified\":\"2024-10-21T17:17:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/shutterstock-2159799407-671679bd6307a.webp\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/shutterstock-2159799407-671679bd6307a.webp\",\"width\":1000,\"height\":668,\"caption\":\"ymgerman\\\/Shutterstock\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/momentum-builds-for-australias-commercial-property-market-and-more-news\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Momentum builds for Australia\u2019s commercial property market, and more news\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/60e0732a149bc2fbe99629e45c8be3c2\",\"name\":\"Contributing Writer\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/intern\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Momentum builds for Australia\u2019s commercial property market, and more news | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/","og_locale":"en_US","og_type":"article","og_title":"Momentum builds for Australia\u2019s commercial property market, and more news | Asia Property Awards","og_description":"Australia\u2019s CRE picks up, Thailand\u2019s property stimulus, APAC\u2019s CRE investments","og_url":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2024-10-21T10:03:29+00:00","article_modified_time":"2024-10-21T17:17:46+00:00","og_image":[{"width":1000,"height":668,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/10\/shutterstock-2159799407-671679bd6307a.webp","type":"image\/webp"}],"author":"Contributing Writer","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Contributing Writer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/"},"author":{"name":"Contributing Writer","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/60e0732a149bc2fbe99629e45c8be3c2"},"headline":"Momentum builds for Australia\u2019s commercial property market, and more news","datePublished":"2024-10-21T10:03:29+00:00","dateModified":"2024-10-21T17:17:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/"},"wordCount":524,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/10\/shutterstock-2159799407-671679bd6307a.webp","keywords":["commercial properties","news roundup","property stimulus","real estate"],"articleSection":["News","Property Report"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/","url":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/","name":"Momentum builds for Australia\u2019s commercial property market, and more news | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/10\/shutterstock-2159799407-671679bd6307a.webp","datePublished":"2024-10-21T10:03:29+00:00","dateModified":"2024-10-21T17:17:46+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/10\/shutterstock-2159799407-671679bd6307a.webp","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/10\/shutterstock-2159799407-671679bd6307a.webp","width":1000,"height":668,"caption":"ymgerman\/Shutterstock"},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/momentum-builds-for-australias-commercial-property-market-and-more-news\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Momentum builds for Australia\u2019s commercial property market, and more news"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/60e0732a149bc2fbe99629e45c8be3c2","name":"Contributing Writer","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/intern\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/39565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=39565"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/39565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/39566"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=39565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=39565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=39565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}