Commercial Property
Coworking operator UCommune eyes Hong Kong IPO to outbid US rival
It’s also planning to raise around US$200m in its series D round.
Office rents extend climb after rising 2.4% in Q2
Wanchai/Causeway Bay dethroned Central as rental growth driver.
Mainland firms are not letting up on Hong Kong's office market in Q2
They committed to 300,000 sqft in the first half of the year alone.
Hong Kong beats US and UK as top destination for Chinese property capital
Transaction volume surged 155% to US$3.4b in April-June.
Trade tensions could slash H2 commercial and industrial property deals by 12%
Mid-range industrial units worth $10m to $10m are likely casualties.
Landing International Development's $1.5b casino project greenlit
It will be built in Entertainment City, Manila.
Investment returns in Hong Kong offices plunge to thirty year low
It’s the only major market where returns are lower than a 10-year US Treasury Bond.
Fanling site sold for $732.9m
It was awarded to Macro Topper Limited.
Office rents up 0.9% in June
This translates to an average monthly rent of $73.9 psf.
15 building plans approved in May
Apartment developments dominated last month’s construction plans.
Check out Standard Chartered's new Kwun Tong hub
The eXellerator houses a usability testing lab to try out emerging technologies.
16 land transactions registered in Q2
The deals had a total land premium of $2.06b.
Half-year commercial property investment activity hits $89b as office market remains heated
Massive en-bloc office sales of W Square, Octa Tower and Cityplaza Three & Four buoyed half-year figures.
Hong Kong's half year property sales up 9.4%
The total consideration of these deals hit $403.68b.
Lands Department issues 8 pre-sale consents in Q2
The pre-sale consent for residential developments could yield 3,861 units.
Half year office net absorption rate of 1.5m sqft smashes 2017 full-year record
Sustained leasing demand from Chinese financial firms buoyed half-year figures.
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