Is There An Opportunity With Jones Lang LaSalle Incorporated's (NYSE:JLL) 37% Undervaluation?
Jones Lang Lasalle: The total real estate investment in the Asia-Pacific region reached 27.3 billion US dollars in the second quarter, an increase of 2% year-on-year.
According to the latest capital tracking data from Jones Lang LaSalle, the total investment in commercial property in the Asia-Pacific region reached $27.3 billion in the second quarter of 2024, a 2% year-on-year increase, marking the third consecutive quarter of positive growth.
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Jones Lang LaSalle: The vacancy rates of Grade A office buildings in Central and Eastern Hong Kong in July decreased to 12% and 13.1% respectively.
At the end of last month, the overall vacancy rate of Grade A office buildings in Hong Kong rose to 13.7%. The vacancy rates in Central and East of Hong Kong Island decreased to 12.0% and 13.1% respectively. In contrast, the vacancy rate in East Kowloon increased by 0.5 percentage points.
