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4 trends shaping GBA’s commercial real estate investment market
Total annual investment volume reaching RMB66.1b in 2023.
4 trends shaping GBA’s commercial real estate investment market
Total annual investment volume reaching RMB66.1b in 2023.
Industrial rents grow 1.4% in 2023
Renewals dominated the leasing market last year.
Property investments drop 28% YoY to $37b in 2023
2023 only saw 65 deals.
Hong Kong braces for 8.4% medical inflation amidst rising healthcare demands
One in every two adults in Hong Kong have chronic disease.
Berking Re sits with a stable outlook, pressure from market volatility seen: AM Best
The insurer’s governance and regulatory oversight are expected to adequately protect its capital and assets.
Hong Kong investors are amongst the most eager to divest assets in 2024
The 2024 net buying intention of Hong Kong was -11%.
Grade A office rents drop 6.5% YoY in 4Q23
By 4Q23, average rent stood at $52.9 per sq ft.
Hong Kong falls to 77th place on list of most livable cities for ex-pats
The city ranked 17th in the 2013 edition of the list.
Hong Kong to boost tourism appeal
The tourism board plans to adjust the duty-free allowance for Mainland visitors, amongst others.
Class B site on Castle Peak Road up for sale via tender
The tender for the site closes on 27 March.
Sun Life HK partners with university to bolster finance skills
It aims to boost the skills of professionals in wealth management, insurance, and financial planning.
Basic food items consume 26% of employees' minimum wage earnings
Employees earn a minimum of $6,933 net monthly.
3 Hongkongers enter Forbes’ 50 Over 50 Asia list
One of the awardees is incoming HKEX CEO, Bonnie Chan.
Housing Bureau inks MoU on construction industry transformation
The MoU covers three areas for collaboration.
Hong Kong’s Bank of East Asia inaugurates tower in Qianhai
It will serve as the bank’s strategic hub in the Greater Bay Area.
3,000 retailers to sell designated bags for the MSW charging scheme
These retail points include supermarkets and pharmacies.
Gov’t registers 14 land transactions in 4Q23
The transactions realised a total land premium of $492m.
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