Commercial Property
Tung Chung reclamation and advance works contract signed for $12.08b
The project will provide 49,000 residential flats and 870,000 sqm of commercial floor space.
Tung Chung reclamation and advance works contract signed for $12.08b
The project will provide 49,000 residential flats and 870,000 sqm of commercial floor space.
BLOOM co-working space is a garden of creativity and productivity
Check out this swanky co-working space in the heart of Hong Kong’s business district.
Commercial real estate investment surged by 74% in 2017
The office segment performed strongly but retail continued to decline.
Tight vacancy rates may push Central prime office rents up 5% in 2018
This is due to sustained demand from PRC and financial services firms.
Converting properties to co-living spaces can push rental yields up by 12.1%
Students and young professionals are seen to be the most receptive to the co-living scheme.
Chinese banks buoy Central's office market in 2017
They accounted for half of 2017's new lettings.
Firms head east to avoid high Central office rents
BNP Paribas and Freshfields Bruckhaus Deringer are amongst the first to move.
Hong Kong Central's office space is still the world's priciest
It costs an average of $210 psf monthly.
Office rents up 0.3% to $71.6 psf in October
The expansion of PRC companies in Central drove rents upward.
Property sales down 11.8% to $66.7b in November
There were a recorded 7,601 sale and purchase agreements last month.
Kowloon office already 70% leased even before April opening
Rents are $85/sqf monthly but early bird tenants received discounts.
Hong Kong offices still the priciest in the world
They cost $87.86 per square meter.
Property prices to rise next year
Media and tech are the big new tenants.
Rent for Grade-A office properties expected to rise 5-8%
However, limited availability remains an issue.
Hong Kong leads real estate market growth in Asia Pacific
Development site transactions tripled to $134.2b.
Investment in Hong Kong commercial real estate up 27% to US$3.1b in Q3
Year-to-date investment is already 9% higher than in 2016.
New rentals in Central surge 47% in September
There is strong demand from the banking and finance sector.
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