Commercial Property
Portion of Kai Tak runway sold for $15.95b
The amount was slashed by up to 20% from the top price range.
Singapore's CapitaLand sells Citadines Mercer Hong Kong for $581.1m
The property has an agreed value of $129.4m.
Hong Kong is the 7th costliest office fit-out market in APAC
Soaring AV/IT costs add to the expensive builders’ works.
EY's Hong Kong wavespace focuses on unlocking blockchain's potential
The company aims to use the space to help its clients achieve digital maturity.
IWG deepens Hong Kong footprint in sleek Hennessy Road space
Spanning 22,700 sqft, the workspace offers 60 private offices and 270 workstations.
Long-term land investments gain ground amidst rising political action
Developers are looking to invest more in agricultural lands.
Central's Grade A office rents down 1.7% in September
It recorded the sharpest drop of all submarkets during the month.
Commercial property sales crashed 57% in Q3
It might surpass 2016 as the worst year in terms of transaction volumes since 1997.
Neighbourhood malls and flex spaces prop up weakening property market
Lesser-known neighbourhood malls are cashing in from a more stable source of income and product mix.
Prime street shop rents tumbled 15.4% in Q3 as vacancies mount
Retailers are “running out of money” and expired leases were not being renewed.
Office rents break seven-quarter growth with 1% dip in Q3
Average rents in Central declined the first time since Q3 2014.
Co-working space theDesk opens urban farm at Sheung Wan
A subscription goes for $4,000 every four months.
Greater Central office rents to fall by up to 8% in 2019
Only Hong Kong East defied the rental downturn in Q3.
Mall rents slashed by up to 25%
Protests have hit Causeway Bay and Tsim Sha Tsui rents the hardest.
Kowloon office leasing demand weakens further in August
Monthly rent in Admiralty fell 9.4% to $105.5 psf.
TNG opens hub to nurture Hong Kong's fintech talent
Located at the heart of Hong Kong Island, the 25,800 sqft space aims to serve the thriving fintech community.
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