Latest news with #JLL
New Straits Times
5 hours ago
- Business
- New Straits Times
Rising costs, regulation fuel strategic consolidation in Malaysia's data centre market: JLL
KUALA LUMPUR: Malaysia's rapidly growing data centre sector is now entering a consolidation phase, a natural progression observed in more mature markets, according to global commercial real estate firm JLL. JLL Malaysia data centre transactions, capital markets manager Sum Chun Kit said this transition would favour high-quality operators over speculative players as cost and regulatory pressures mount. "This is a healthy trend in a maturing market. Rising costs across the development chain, including water and electricity tariffs, are expected to increase by 10 per cent to 20 per cent. "These pressures would filter out players who are not optimising efficiency," he said during JLL's Second Quarter (2Q) 2025 Market Dynamics Report briefing today. He noted that higher utility charges, while challenging, could ultimately benefit the broader ecosystem. "Charging higher tariffs allows energy providers like Tenaga Nasional Bhd to recover more revenue and reinvest in infrastructure upgrades, leading to better stability and service for all users," Sum said. Other cost pressures include rising land prices, construction materials, and tighter regulations involving authority approvals, as well as the expanded scope of the sales and service tax. Moving forward, Sum expected the consolidation trend to continue, especially for operators unable to demonstrate efficient use of water and power, among the two critical resources for data centres. Despite this, demand for data centres remains strong in key areas, with continued interest around Johor Bahru, established hubs in the Klang Valley, and emerging zones such as Nilai and Port Dickson in Negeri Sembilan. "Like any business or real estate sector, the data centre market also moves through cycles. What we are seeing now is part of that natural evolution," he said. Meanwhile, JLL Malaysia research and consultancy head Yulia Nikulicheva said that strategic partnerships with local authorities are increasingly important in expediting infrastructure upgrades and project approvals. "Malaysia's data centre market is in a consolidation phase, backed by solid numbers – 638 megawatts (MW) of completed capacity, 1,300 MW under construction, and over 3,450 MW in the pipeline," she said. At the same event, JLL Malaysia also launched the Malaysia Property Intelligence Centre (MPIC) – an interactive analytics platform aimed at transforming how industry players access, visualise, and interpret real estate data. "In today's fast-paced real estate environment, access to accurate, real-time market intelligence is essential, not optional. "MPIC transforms raw data into strategic insights, giving our clients a decisive edge in an increasingly complex marketplace," Nikulicheva said.
Skift
5 hours ago
- Business
- Skift
Inside Asia Pacific's Lifestyle Hotel Surge, And Who's Leading It
Lifestyle hotels in Asia Pacific are no longer a niche. They're now part of the mainstream. It would be interesting to see how traditional hotel brands adapt to this. Asia Pacific has seen a huge jump in the number of lifestyle hotel rooms over the past decade. Nearly 65,000 lifestyle hotel rooms have been added in the region since 2014, a fourfold increase, according to a report released Wednesday by real estate consultancy JLL. Lifestyle hotels, properties that focus on design, local experiences, and communal spaces, now make up a noticeable share of new hotel development. JLL projects that between 2025 and 2027, lifestyle hotels will account for 6%-9% of all new hotel openings in the region. While that might not sound like much, the category is growing quickly. JLL estimates a 34% increase in lifestyle hotel supply by 2027. Who's Dominating the Market? Ten new lifestyle hotel brands are expected to enter Asia Pacific by 2027, many of them from Europe and the Middle East. International brands already dominate the market, accounting for over 80% of lifestyle hotel rooms. Marriott International leads the region with 11 lifestyle brands, inc
Time of India
19 hours ago
- Business
- Time of India
105% jump in residential project launches in H1 '25
Kolkata: After a lull in project launches, when incremental sales led to a steady decline in inventory, Kolkata clocked a 105% growth in launches in Jan-June 2025, the highest among the top-seven markets in the country. This is also the strongest-ever half-yearly launch performance. The spurt in launches is expected to give a fillip to sales that have been on a decline. According to a report released by realty consultants JLL, 9,000 units were launched in the first half of 2025, more than twice the units launched in Jan-June 2024. The next best market in terms of launches was Chennai at 35%, followed by Bengaluru at 19% and Pune at 7%. Hyderabad saw a decline of 35%, followed by Mumbai, where launches fell 22%, and Delhi NCR saw a dip of 7%. "With its increased supply momentum, there is an increase in Kolkata's contribution to nationwide launches, with the city now representing 6% of all launches across India in H1 2025, up from just 3% during the same period last year," said JLL chief economist and executive director (research) Samantak Das. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The impressive growth in launches was driven by phase-wise extension in projects like F Residences Merlin Phase-II, Merlin Avana Phase-II, Greenfield City Phase-II, and medium-scale prominent project launches like Utpalaa—The Condoville and The Crown. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo Launches in the Rs 1 crore and above segment increased by 325% year-on-year during the first half of 2025, indicating a growing preference for high-end homes supported by launches in the segment. On the sales front, Kolkata registered sales of 6,747 units in Jan-June 2025, a 29% decline against the previous year's figure of 9,477 units. All other major cities, with the exception of Chennai, saw a dip in sales. "Around 70% growth in sales was recorded in the Rs 1 crore and above segment during H1 2025 when compared to H1 2024, indicating premiumisation of the city's housing sector," said Das. Realtors and developers expect sales to pick up following the reduction in the repo rate and declining inflation levels that will make home loans more affordable, help stabilise building costs, and enhance consumer confidence.
CNBC
20 hours ago
- Business
- CNBC
How companies are using body heat sensors to make offices more efficient and hospitable
Butlr heat sensing tech provides insights into office space utilization. A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. As more and more employees return to the office, by choice or by force, large companies are more interested than ever in understanding how they use the space. The pandemic fundamentally changed how and where people work, and even in the return-to-office dynamic, there is a greater focus on how to best utilize and monetize office space, as well as make it more energy-efficient. To that end, some companies are using body heat. Butlr, a 6-year-old, San Francisco-based startup that was a spinoff of MIT Media Lab, leverages body temperature technology to understand how humans act and interact in the office without using cameras. In other words, it's anonymous. Sensors placed around the office space record the heat and then incorporate AI to look at every aspect of physical interactions. That includes occupancy, foot traffic, frequency and location of meetings, areas that are unoccupied or crowded and the impact on heating and cooling systems. But it goes beyond that. "By understanding how colleagues act and interact in the office while ensuring privacy, you can make it a place that is more productive, collaborative and aligned with the corporate culture – one where they look forward to being there," said Honghao Deng, CEO and co-founder of Butlr. "This can impact retention and performance, and you may even see attitudes shift from negative to positive." Companies use the data to make decisions about layout and design, retrofits, hybrid work schedules, maintenance, cleaning schedules and lease negotiations. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today. The costs of so-called office fit-outs, or upgrades to spaces, are on the rise, according to a new report from JLL. "Increased focus on in-office attendance, employee experience and sustainability performance is leading focus on investing in high quality workspaces, with increased spend on materials and finishes and shifting cost profiles on many projects," according to the report. JLL also noted that those rising costs, as well as economic uncertainty, are contributing to hesitancy in CRE investment decisions. That has the potential to have long-term impacts on the overall workplace. Both raw material price increases and labor shortages are increasing overall construction costs across all regions. Still, more and more companies are pushing workers back to the office and solidifying flexible work arrangements into the culture. That flexible work paradigm, according to Deng, has more employers seeking data and insights into actual office usage. "You can think about this from both a cultural and a financial perspective," he said. In April, Butlr announced the completion of its latest investment round for a total of $75 million in funding to date. The company's clients span office, higher education and senior care and include names like Verizon, CBRE, Carrier and Compass Group. The company serves customers in North America, Europe and Asia.
Time of India
a day ago
- Business
- Time of India
Luxury housing performance outpaces mass market in H1 2025
India's housing market is witnessing a decisive tilt toward premium homes, with properties priced above Rs 1 crore accounting for 62% of all residential sales during the first half of 2025, showed data from JLL. This marks a sharp rise from 51% in the first half of 2024, signalling strong momentum in the high-end housing segment even as overall volumes declined. The rise in contribution was largely driven by 14% growth in demand for INR 3.0-5.0 crore housing segment during the same period. While premium homes gained market share during the period, the share of the mass segment with a price bracket of less than Rs 1 crore dropped to 38% during the period from 49% a year ago. 'The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment,' said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. In the first half of 2025, Bengaluru, Mumbai, and Pune retained their leadership position in India's housing sector, collectively holding 63% share in the residential sales volume across the top seven cities. Despite fewer new project announcements during the period, launch of homes priced over Rs 1 crore surged 110% from a year ago. 'Despite a slowdown in launch momentum developers are focusing more on high-end and premium projects to align with current demand patterns. Q2 2025 saw 74,239 new homes enter the market, bringing the H1 2025 total to 154,086 units. The luxury segment showed remarkable momentum, with properties priced above Rs 1 crore more than doubling in number compared to H1 2024, responding to robust demand in this premium category,' said Siva Krishnan, Senior MD (Chennai & Coimbatore), Head - Residential Services, India, JLL. Despite the overall decline in sales in the first half of 2025, India's top seven cities maintained quarterly growth momentum during the June quarter, recording 69,630 unit-sales. Four major markets of Bengaluru, Mumbai, Pune, and Delhi NCR--each surpassed 10,000-unit sales in the quarter, collectively accounting for around 77% of total quarterly sales. The luxury segment showed exceptional quarterly performance, with homes priced above Rs 5 crore experiencing substantial 42% sequential growth, while demand in the Rs 3-5 crore range increased by 28% compared to the previous quarter.
