Commercial Property

Leasing demand for warehouses on the rise

Some logistics operators have already pre-committed yet-to-be vacated warehouses due to the current high occupancy level. Read ››

Hong Kong office rent increases slowing

Professional real estate services firm Jones Lang LaSalle said rents in top tier markets aren’t increasing. Read ››

Retail drives Hong Kong property prices upwards

Despite rising rents, local and international retailers continued their aggressive expansion to secure retail premises in prime locations. Read ››

Office vacancies drop to lowest level in 20 years

The economic slowdown hasn’t dampened demand for office space in Hong Kong. Read ››

Retail rents reach a new high in Hong Kong

Demand for milk powder and safe products for infants hike up consumer purchases in the country. Read ››

Jones Lang LaSalle launches new online property search platform

U.S.-based real estate services firm Jones Lang LaSalle claims its new search platform is more user-friendly. Read ››

Hong Kong warehouse rent increase rate highest in the world

Limited supply plus booming demand is pushing warehouse rents in Hong Kong to new heights. Read ››

Loan approvals rise sharply in February

The Monetary Authority has announced upbeat news for the property sector. Read ››

Hong Kong office space still the world’s priciest

Nothing new here. Hong Kong has again topped the world in having the most expensive office rents. Read ››

Hong Kong now has world’s most expensive office space

It tops the world for the costliest business spaces displacing London. Read ››

Government approves Sheung Shui residential developments

The Lands Department has issued a pre-sale consent involving 235 units in residential development in Sheung Shui in the New Territories to be completed by next year. Read ››

Relentless business rent rise to abate this year

Yes, it’s possible for business rents in the most rent-expensive country in the world to become somewhat cheaper. Read ››

Swire Properties Announces New Brickell CitiCentre Project in Miami

The Company plans to begin construction by the second quarter of 2012. Read ››

Sino Harbour Property profit up 17.3% to $13.03mn

Through delivery of a gross floor area of approximately 43,600 sq m. Read ››

CapitaMalls Asia profit up 8.1% to HK$2.8mn

2012 will be inflection point for CapitaMalls Asia with more than 50.0% of its malls in China operational. Read ››

Global prime office rents rose for the 8th consecutive quarter in 4Q11

And rental growth in AsiaPac markets have decelerated from 2.5% in Q3 to just 0.9% in Q4. Read ››

Hong Kong rents keep falling and falling

Cheaper rents have become one of the few upsides to the dour economic climate besetting Hong Kong. Read ››

What you need to know about Zchron

Zchron’s Nison Chan, chairman of the group and chief designer, said, “Our clients, who include the top companies and high-net-worth individuals in Hong Kong, know that we keep our promises to complete projects and bring them in on time”. Read ››

Strong brake on Chinese property investment: OCBC

But will it reach abysmal single-digit growth in 2012? Not really, if China pulls off its huge public housing pipelines without a hitch, but the choke on property investment will be substantial. Read ››

Firms betting big on Shanghai commercial property

Even residential developers like Yanlord are padding their office and retail portfolios, says Colliers. Read ››

Tseung Kwan O site awarded to Fortune Precision

It’s on a 50-year land grant at a premium of $1.86 billion. Read ››

Colliers International Korea and RDN join forces

Partnership integrates the resources and network of both companies and brings extended service offerings. Read ››

Central rents to fall 14% in 2012, says analyst

The downturn is unlikely to be anywhere near as severe as in the late-1990s, according to HSBC. Read ››

Property transactions nosedive to 5-year low

Transactions plunged by more than a third last year while prices remained stubbornly out of reach. Read ››

HK Int’l Airport races to keep up with boom in passenger traffic

Hong Kong’s Board of Airport Authority recommends the construction of a third runway at the airport to accommodate the surge in passenger traffic. Read ››

Lull in China’s economy to hurt HK’s commercial property sector

With 35% of Hong Kong’s total retail sales coming from mainland Chinese visitors, the city-state is bound to suffer if China’s economic woes continue. Read ››

Lands Department awards tender for hotel, residential sites

The hotel site was granted to Shangri-La Hotel and the residential site was awarded to Sky Target. Read ››

Lifestyle International wins bid for Shanghai site

The department store operator is shelling out more than US$387 million for the deal. Read ››

Commercial building The Forum to be knocked down

So what will HongKong Land Holdings build in its place that is worth $72m? Read ››

Hong Kong property rents and prices to hit a reverse next year

Retail properties offer greener pastures amid the subdued outlook. With prices and rents hitting all time high, all indications suggest that the end of Hong Kong property market’s bull-run is near after almost 24 months of unrelenting spikes. Read ››

Forecast: Grade A office rents will fall in Hong Kong

As the city enters a rental level correction phase, a 5 to 6 percent drop in average grade A rents in the final quarter of the year is anticipated. Read ››

Urban Renewal Authority awards Central Oasis project to AGC Design

Attainment of the highest score in an assessment has given AGC Design the project. Read ››

Asia Pacific office rents and prices to stay flat

China continues to buck the trend with growth expected in its office market. Read ››

Zhangzhou Mingfa Shopping Mall posts robust sales

The mall was able to attract renowned brands and promote local economic development. Read ››

Customs seizes $2.9M worth of illicit cigarettes

Hong Kong Customs seized about 1.15 million sticks of duty-not-paid cigarettes, worth about $2.9 million, with the duty potential of about $2 million, in an anti-illicit cigarettes operation. Read ››

Hong Kong signs intellectual property cooperation with Mainland

 The State Intellectual Property Office and the Intellectual Property Department of the Hong Kong Special Administrative Region Government have signed their first agreement to strengthen co-operation in the area of intellectual property. Read ››

Care to go shopping at Pedder Street?

You better be cashed-up as Hong Kong ranked second most expensive shopping destination. Read ››

Hong Kong continues to be the most expensive office location in Asia Pac

Tokyo and Singapore lagged behind as prime office rents in Hong Kong reached US$122.33 per sq ft per year as of the third quarter of 2011. Read ››

Hong Kong retail property sector seen bucking the downtrend

Street shop rentals in traditional shopping districts projected to rise 12% in the next twelve months. Read ››

Cheer Regal buys Sai Kung site for $719mn

The site area is about 17,940 sq. m. and is designated for hotel purposes. Read ››