Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 62 countries,17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients.
See below for the Latest Colliers News, Analysis, Profit Results, Share Price Information, and Commentary.
Siu Lun Shopping Centre, retail units at Park Lane Shopper's Boulevard up for sale
The assets will be sold via an expression of interest exercise.
Siu Lun Shopping Centre, retail units at Park Lane Shopper's Boulevard up for sale
The assets will be sold via an expression of interest exercise.
The two thorns hurting Hong Kong’s land resumption plan
As the government intensifies its efforts to acquire private land for the Northern Metropolis and Northeast New Development Areas (NDAs) – for public housing and other public purposes – two crucial points are causing hiccups.
Annual rental rate for stores in core retail districts to see an 8% YoY growth
Colliers said economic recovery will drive the rate up for the year.
Getting the right accommodation mix will be crucial to the Northern Metropolis’ success
A local government accommodation scheme in Shanghai could boost private interest in Hong Kong’s Northern Metropolis and solve housing issues before they arise.
Grade A office rents contract 1.3% QoQ in Q1
The decrease in rents in Island East drove the overall decrease.
Total investment deals down 16% YoY to $9.1b in Q1 23
Buyers were cautious as the interest hike impacts border reopening.
HK warehouse vacancy remain stable at 3.4% in Q1
The drop in exports contributed to the performance of the market.
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
How ESG is measured in valuations and how enhanced green technology helps companies with purpose
Companies without a purpose are no longer sustainable. As so many young people today aspire to live in a better world, the domino effect of their choices to be environmentally and socially conscious reaches all companies.
4 actions HK can take to grow its I&T industry
Under the HK I&T Development Blueprint, the city plans to grow the industry by 5% in 5 years.
High street rents to grow 8% in 2023: Colliers
This comes as Hong Kong and China reopen their borders
Hong Kong’s office sector growth hinges on China’s reopening
More than 3.2 million sq. ft of net floor area is expected in 2023.
Warehouse vacancy up to 3.3% in 2022: Colliers
This is due to the completion of the logistics centre in Tuen Men
Interest rate hike cycle dims mass residential market outlook
Residential transaction volume was down 39.4% YoY in 2022.
Property transaction volumes hit lowest level in 10 years
There were only 101 big deals concluded in 2022.
Industrial assets boost deals growth in Hong Kong: Colliers
There were 25 major deals with transaction volumes soared by 93%.
Property market ends downcycle
Real estate expert, Cathie Chung, said that the market will have a reset by 2023.
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