Transaction volume of commercial property in 2015 reaches HK$93.3 billion

This is the highest since 2012.

It has been noted that in the investment market of Hong Kong's real estate sector, the transaction volume of commercial property for 2015 amounted to HK$93.3 billion.

According to preliminary figures from a research note from CBRE, this is the highest since 2012.

Meanwhile, the 25bps hike in U.S. interest rates was in line with market expectations. CBRE expects the pace of further increases in 2016 to be gradual and the impact of the rate hike on the property market will be limited.

Here's more from CBRE:

Also, commercial property investment (for deals above US$10 million, excluding pure land sales) surged 65% q-o-q to a total of HK$30.5 billion.

Meanwhile, the quarter witnessed the biggest office transactions in Hong Kong’s history. Evergrande Real Estate Group acquired MassMutual Tower for HK$12.5 billion. At a unit price of HK$36,000 per sq. ft., it broke the record for highest unit price for an office property.

Lastly, 17 en-bloc transactions were concluded in Q4 2015, the highest quarter in 2015.