Commercial Property
Swire Pacific sells Festival Walk shopping center to Singapore firm
The HK$18.8b sale is the biggest ever for Swire Pacific.
Swire Pacific sells Festival Walk shopping center to Singapore firm
The HK$18.8b sale is the biggest ever for Swire Pacific.
Kowloon East Grade A office rentals’ moderate growth seen
Rental growth is expected to slow down in the second half as the office supply market of the site becomes more competitive.
Retail property rent in traditional shopping districts up 7.4%
International retailers continued to outbid existing tenants to secure shops in prime locations in belief that Hong Kong is a stepping stone to...
Fortune REIT first half profit up 5.7% to HK$319.5mn
The company’s passing rent up 10.3% while occupancy rate climbed further to 98.1%.
New mortgage loans in June fell by 9.4%
The latest round of tightening of the underwriting standards of mortgage lending introduced last June 10 seen to have caused the falling figures.
Sino Harbour starts trading shares in the Main Board of SEHK
Share price increased 2.73% over initial offer as it closed at HK$1.13 per share.
Hong Kong is the most popular city for international businesses: survey
Almost 70% of international companies surveyed are represented in Hong Kong.
Hong Kong has 22 land transactions in second quarter
An electricity substation in Tseung Kwan O and a research complex and student hostel in North Point are among the transactions which had about $752...
Sino Harbour Property lists on Main Board of HKSE
The property developer offers 300,000,000 new shares at the range of HK$1.10 to HK$1.68 per share.
Hong Kong’s parking rate is Asia’s highest
Hong Kong’s rental yield of car parking spaces tops 4% per annum, relatively higher than the other sectors such as residential and office properties...
Longfor Properties achieves 45.7 percent of year sales target
Contracted sales totalled $2.8 billion in the first half of 2011.
Motive Drive gets Wan Chai hotel site
The 717 square metre site was awarded for $648m.
Kwun Tong business site awarded to Joint Vision
The company got the 7,083 square metre site for $34b.
Building transactions in second half of 2010 down 18%
The transactions’ total consideration for the period was down 2.2% to $370.14bn.
HK to establish Economic, Trade and Cultural Office in Taiwan
Hong Kong plans to establish an Economic, Trade and Cultural Office in Taiwan within the year to further promote long-term cooperation and exchanges...
K. Wah International secures HK$1.47bn syndicated loan
Part of the loan to be used for refinancing, while the remaining will serve as general working capital to boost its financial efficiency.
Hong Kong’s office market makes rapid rebound in Q1 2011
CB Richard Ellis says the country’s prime office rates climbed by 40% at the end of Q1 2011.
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