Commercial Property
Decentralised office vacancies seen to drag on Hong Kong market
Decentralised office vacancies seen to drag on Hong Kong market
CBRE projects full-year office rents will fall between 5% and 7%.
Victoria Harbour view waterfront hotel up for sale
The 30-storey hotel has a gross floor area of 36,873 square feet.
Emperor flags $16.6b in overdue or breached loans
The group is currently in negotiations with banks to secure revised terms.
Fitch sees Hong Kong office vacancy rising to 19% by 2025
The vacancy rate for grade-A offices in the city is projected to climb from 17% in 2024.
Gov't OKs 10 building plans in April
Five projects were approved to begin construction.
Victory Factory Building property on the market for $579m
The 12-storey building including rooftop has 123,036 sq. ft. of gross floor area.
M1 North Point Hotel property up for sale for $232m
The 28-storey property with the rooftop has a gross floor area of 30,224 square feet.
Henderson Land, Jane Street sign lease agreement on Central Harbourfront project
The lease is reportedly the largest office rental deal in Central in decades.
Tai Nan Street property up for sale for $90m
The property occupies a site area of 2,895 sq. ft. and comprises six floors.
Nearly half of Hong Kong office tenants report ESG shortfalls
48% reported that their leased buildings do not meet their ESG expectations.
URA welcomes Donald Choi as its new managing director
He will serve for three years.
Data centre vacancies to ease as future supply mostly pre-leased: CBRE
Most upcoming pipelines will come from retrofitting or redeveloping existing industrial sites.
Property slump deepens with weak Q1 across sectors
The average price index for private domestic units dropped to 284.2, down from 298.7 in 2024.
Hong Kong office market rebounds in April
The leasing demand is mainly driven by upgrading activities.
JLL warns of capital loss risk for ageing Hong Kong offices
The report warned that approximately one-fifth of these buildings may become functionally obsolete by 2035.
Office unit at No. 9 Queen’s Road Central listed for $250m
The indicative asking price is $250m, or about $18,222 per square foot—lower than recent transactions in the same building.
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