Cushman & Wakefield
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HK among areas with costliest office fit out in APAC
Office fit-out costs $1,149 psf on average.
HK among areas with costliest office fit out in APAC
Office fit-out costs $1,149 psf on average.
Kowloon East leasing drives office market growth
The submarket recorded a net absorption of 289,700 sq ft.
4 trends shaping GBA’s commercial real estate investment market
Total annual investment volume reaching RMB66.1b in 2023.
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%.
Diversification to shape real estate investments in 2024
An expert said capital will cascade into “alternative” sectors next year.
Growth of high street rents in core districts eases in Q123
Rents in core districts range from $211-$860.
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.
Hong Kong, Singapore build stronger data centre hubs despite land limits
But lack of space for expansion remains challenge for top 2 Asian markets
Residential market sales to grow 49% in Q1 2023
It will be backed by China reopening and reduction of AVD.
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Hong Kong ranks fourth in global data centre market: report
It went up from sixth place last year, Cushman & Wakefield reported.
Residential transactions in GBA to pick up by 20%-25% in 2023
In 2022, the GBA saw a 35% YoY decline in transactions.
Residential prices to drop by 0%-5% in 2023
Year-to-date prices have declined by 10%.
HK dips to 2nd place; US gets top spot in priciest retail destination report
New York’s Upper Fifth Avenue is top spot with $15,622 rent per square foot.
Cushman & Wakefield appoints new Hong Kong head of business development
She will be lead the research and marketing functions in Hong Kong.
Residential sales volume to increase by 48% QoQ in Q2
The market is being driven by buyers looking for upgrading options.
Real estate investment in HK to reach HK$70b in 2022: report
This is an improvement compared to its 2019 and 2020 levels.