Commercial Property

Far East Consortium profits up by a whopping 513%

Development profits set to surge, says OSK.

Far East Consortium profits up by a whopping 513%

Development profits set to surge, says OSK.

Sky100 Hong Kong Observation Deck gearing up for the holidays

A festive spectacle is featured till 2 January 2013.

Take-up for offices for lease plunged 80% in 3Q12

Grade A office rents meanwhile grew 1.5% after 3 months of decline.

This Ginza-type commercial hub earns $2.4M a month despite non-strategic location

But it could have been earning 20% more if located in the main streets of Causeway Bay.

Speculators buying up parking spaces

Some parking spaces now more expensive than small apartments.

Riviera Plaza mall sold for $508m

Wang On Group now owns the mall.

HK-REITs only third largest in Asian market

Market cap of HK-REITs is nearly 50% lower than Singapore REITs.

Grade A office rent bottoming out

A downward adjustment of 3% is forecast for the whole of 2012.

Chart of the Day: Here's how difficult to find available office space nowadays

Growth in occupiers' demand down from a high of 60% in the 1Q to 20% in 3Q.

Tsim Sha Tsui outperforms in terms of rent

It showed the strongest growth at 5.4% QoQ.