Knight Frank global head of Occupier Strategy and Solutions, Tim Armstrong said optimism at the start of the year was tempered by resurgences of Covid-19, which resulted in Hong Kong and several tier-1 Chinese mainland markets re-tightening movement restrictions.
KUALA LUMPUR: The Asia-Pacific prime office rental index has increased by 0.8% quarter-on-quarter (q-o-q) in the first quarter of 2022 (1Q22), compared to the 0.3% growth in 4Q21, said independent global property consultancy firm Knight Frank.
In a statement, it said the growth indicates a sustained economic recovery, despite rising inflation and the Russian invasion of Ukraine weighing down the market sentiment.
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