Commercial Property

New project launch prices rebound 15%

New project launch prices rebound 15%

Developers have shifted from aggressive discounts to more assertive pricing as the housing market recovers.
28 minutes ago

Wee Hur enters Hong Kong student housing with Fortress Hill asset

The 19-storey development will offer 246 beds. 
3 days ago

Retail leasing sentiment improves: CBRE

The city’s retail market outperformed its industrial and logistics segment in the latest sentiment index.
3 days ago

Dash Living snaps up Wan Chai property for $400m

The asset was acquired at over 60% below its pre-COVID asking price. 

Development Bureau introduces land, tenancy reforms

The gov’t allows greater flexibility for short-term tenancies, with some sites eligible for up to 21 years.

World-Wide House top floors up for sale in Central

The receivership asset comprises two adjoining full-floor offices with vacant possession.

The Executive Centre opens upgraded workspace at One IFC

The floor features a lounge with interiors inspired by waves and the city skyline.

Hong Kong office fit-out costs rise 1.5% on metal price spike

Contractors no longer cut bids as office leasing demand rebounds. 

Northern Metropolis may reshape GRE sector: report

The project could cost more than $360b and increase borrowing by government-related entities.

Gough Street building fetches $277m in Hong Kong auction

The Central asset has a mixed-use redevelopment potential.

Central office vacancy falls in April as market holds steady

JLL data showed rents rising 2.1% in top-tier buildings amidst steady demand.

Colliers Hong Kong taps Adrian Tand amidst industrial sector shift

The veteran property adviser will oversee industrial strategy and client advisory services.

CRE investments rise 41% to $12.5 in Q1

JLL said easing financing conditions and education-related demand supported activity.

Fit-out costs remain high but below Japan: report

The city may see a turnaround as financial firms return and Singapore faces Grade-A space constraints.

Hong Kong rents sit 60% below pre-covid peaks

Tier one tourist corridors dominate demand while second and third tier retail zones face stagnant leasing growth.

San Po Kong industrial asset on market with redevelopment prospects

The site covers about 5,700 sq ft and is designated for industrial and/or godown use.