Commercial Property

Hong Kong still the world’s costliest place in prime office rental

Widening gap between the first and second highest office occupancy costs seen as prices continue to soar.

Hong Kong still the world’s costliest place in prime office rental

Widening gap between the first and second highest office occupancy costs seen as prices continue to soar.

22-storey Manley Commercial Building for sale

Sale by public tender of office building with estimated monthly rental income of HK$1.3mn to close on 28 April.

New residential mortgage drawdowns down 16% to $18.3bn

Approvals for primary market transactions rose 26.5% and secondary market transactions 9.9% but the number of new applications fell 10.2%.

Office floors in Golden Star Building for sale by public tender

The total gross area of the 2nd to the 4th floor comprises approximately 10,350 sq ft.

HK approves 49 building plans in February

Hong Kong's Buildings Department approved 49 building plans in February, with 17 on Hong Kong Island, 16 in Kowloon and 16 in the New Territories.

Escalating cost for HK's office spaces drives demand for Grade B Buildings:Colliers

Spiking rental for commercial spaces in HK has recently raised the question mark on the continued attractiveness of HK as the destination for Asia...

500 flat-for-flat units to be completed in 2016

The Kai Tak blocks, developed by the URA, will comprise 23 storeys on a 1.1-hectare site and will be divided into different vertical zones.

Chai Wan tenants have 18 months to vacate

The Housing Authority's  Commercial Properties Committee approved a plan to clear the Chai Wan Factory Estate and provide an ex-gratia allowance and...

35,400 flats not a fixed target for residential flat production

The estimated figure of 35,400 flats refers to the housing land that can be supplied to the market for private residential developments within a...

Upgrading works scheduled on Stonecutters Island Sewage

A $2,386 million contract has been awarded for for upgrading the Stonecutters Island Sewage Treatment Works.

Yuen Long site sold to Carlford Investments for $2.41bn

The site has an area of about 12,340 square metres and is designated for non-industrial purposes.

EPD invites lease tenders for EcoPark Phase 2 Lots

The  EPD is inviting recycling operators to submit tenders for the leases of the first batch of six lots in the EcoPark Phase 2, Tuen Mun.

Twenty consent applications for residential developments pending approval

As of end of February, 20 applications for pre-sale consent for uncompleted residential units.

Hong Kong entered 2011 as the most expensive office location in the world

Occupancy costs per workstation in Hong Kong's prime district of Central and Admiralty surged by 31% year-on-year in 2010.

Building sales dropped 7.6% year-on-year in February 2011

A total of 12,401 sale and purchase agreements for building units were received in February.

Hong Kong approves 34 building plans in January

A total of 34 building plans were approved by the Buildings Deaprtment in the past month.

West Rail property projects to meet design requirements

Six property developments above the MTR stations along the West Rail should comply with new guidelines on controlling "inflated buildings". Thus...