Commercial Property

21 Aug 19
The occupier market contracted to 56,100 sqft due to subdued leasing demand.
13 Aug 19
It is designated for non-industrial use.
8 Aug 19
Occupancy costs run at $2,665.8 psf per annum.
7 Aug 19
Property investment in Singapore doubled, with the office sector hauling in $6.37b in investments.
5 Aug 19
The 24,000-sqft premium co-working space targets established corporates.
31 Jul 19
Tenants snapped up office spaces sized over 15,000 sqft.
24 Jul 19
Rents also fell 0.3% MoM to accelerate space backfilling.
17 Jul 19
The office sector continued to drive property investments, accounting for 53% of the total transaction volume.
17 Jul 19
Most new leases were by mid-range retailers in the personal care and sporting goods categories.
17 Jul 19
Warehouse rents edged up 0.5% QoQ despite the downbeat trading outlook.
17 Jul 19
Leasing costs fell 0.4% led by declines in Central and Wanchai/Causeway Bay.
15 Jul 19
There were only 475 commercial transactions from January-April 2019.
10 Jul 19
Supply in core area remained tight as new prime spaces will only be out by 2023.
10 Jul 19
It is now home to Citibank and JPMorgan’s front offices, amongst others.
8 Jul 19
Only two residential sites with Victoria Harbour views remain for tender on the Kai Tak runway.
3 Jul 19
Investors have pooled $63b into the sector in the past decade.
25 Jun 19
Most of the deals in Central were in the small or mid-scale level of below 15,000 sqft.
25 Jun 19
Cross-border capital in Hong Kong crashed 37% to US$11.14b.
11 Jun 19
Decentralisation also slowed due to a low availability of spaces over 20,000 sqft.
7 Jun 19
Guangzhou accounted for 60% of transactions of over $113.39m.
3 Jun 19
Centaline’s Centa-City Leading Index was at 189.42 as of 26 May.
3 Jun 19
The expansions will see the firm adding 1,500 capacity cabinets.
30 May 19
Growth was driven by China where real estate investments surged to $17b.
30 May 19
One notable deal was PAG’s $11.77b acquisition of Mapletree Bay Point in Kwun Tong in February.
29 May 19
Its proximity to Shenzhen is cited as one of the “wild card” factors.
29 May 19
Lee Shau Kee’s sons will succeed as joint-chairmen of Henderson Land Development Co.
29 May 19
Citibank, AXA, JP Morgan and Nike are some of the big-ticket names that chose to settle in Kowloon.
21 May 19
Buyers’ sentiment was hit by domestic monetary tightening and US-China trade tensions.
21 May 19
Tenants moving out of Central also contributed to the decline.
21 May 19
Opportunities for redevelopment abound at Kwun Tong, San Po Kong and Kwai Chung.
21 May 19
Much of the leasing activity focused on relocations.
8 May 19
Demand will continue to come from companies in the financial sector.
8 May 19
Cargo throughput is set to rise to 9 million tonnes by 2030.
30 Apr 19
Demand was high for units smaller than 10,000 sqft with monthly rates of $100-$130 psf.
23 Apr 19
Discounts up to 10-20% are slapped on homes as developers feel the squeeze.
23 Apr 19
Prime rents within Tokyo’s 23 CBDs pushed to $71.57 per 1,420 sqft per month, a cyclical high for stock of this nature.
17 Apr 19
1 in 3 deals focused on purchasing old industrial buildings for redevelopment.
17 Apr 19
Banks and co-working facilities hit the brakes on their expansion plans.
16 Apr 19
Net take-up fell into negative territory at 95,700 sqft.
4 Apr 19
Compulsory sale applications from Chinese developers surged 160% YoY to 39 applications.