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What does coronavirus mean for Asia Pacific real estate?

Real estate investors in Asia Pacific are steeling themselves for impacts stemming from the coronavirus, the threat of which would add to existing economic headwinds in the region.

While it’s too early to know exactly how commercial real estate markets could be affected, the increasingly important position of China on the world stage means economic repercussions are likely, according to a JLL report on the topic.

“The virus is untimely for China given that it’s the start of a new calendar year and the spread escalated during the country’s most important holiday of Chinese New Year in late January,” says Roddy Allan, chief research officer, JLL Asia Pacific. “This has made it more difficult for the Chinese economy to reopen fully.”

The coronavirus virus – which originated in Wuhan, China, in December late last year – has spread globally, with cases reported in Southeast Asia, Europe and United States. In China, factories, malls and tour…

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Why air is becoming a hot investment

The questions of who owns the air above buildings has long been a hotly contested issue in metropolises like London, New York and Hong Kong.

But as rapid urbanisation takes hold, and the amount of available space shrinks, more cities are waking up to the value of their air.

Air rights – which allow for the control, use or occupation of the space above a property – are increasingly being explored as an option to unlock equity or expand development potential, says Tom Aylward, a manager in Melbourne sales and investments at JLL.

“With land values surging, developers are thinking more creatively about how they maximise value,” he says.

In Melbourne, Australia, where the rate of population growth is among the highest in the world, recent negotiations in the city indicate developers are increasingly turning their eyes to the sky.

Property group Golden Age struck a deal with retail specialist Vicinity …

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APRIL International Care opens up TeleHEALTH service to address Coronavirus worries

Hong Kong February 10, 2020 – APRIL International Care has opened up its TeleHEALTH service to all individual and group clients across its Asian region to provide support for clients during the current Coronavirus outbreak. TeleHEALTH is a free medical consultation system for policyholders, offering unlimited consultations 24/7 in English and 11 other languages. TeleHEALTH operates through a partnership with Teladoc Health, allowing policyholders to access a phone consultation with a qualified medical practitioner via the APRIL Easy Claim app. Medical experts available over the phone The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a consultation happening directly over the phone. Medical experts can evaluate your condition and then offer appropriate guidance and support. Regional CEO of APRIL International Care Asia, Romain Di Meglio observes, “The new Coronavirus outbreak has worried large numbers of pe…
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