Commercial Property

Central office vacancy rate hits three-year high of 2.6% in July
21 Aug 19
The occupier market contracted to 56,100 sqft due to subdued leasing demand.
Far East Consortium unit clinches Kai Tak site for $2.45b
13 Aug 19
It is designated for non-industrial use.
Central still the world's priciest office market for fifth consecutive year
8 Aug 19
Occupancy costs run at $2,665.8 psf per annum.
APAC real estate transactions hit record-high US$86b in H1: report
7 Aug 19
Property investment in Singapore doubled, with the office sector hauling in $6.37b in investments.
The Great Room debuts at One Taikoo Place
5 Aug 19
The 24,000-sqft premium co-working space targets established corporates.
Grade-A office rents in Hong Kong Island up 1.2% in June
31 Jul 19
Tenants snapped up office spaces sized over 15,000 sqft.
Grade A office net absorption slumps to 139,500 sqft in June
24 Jul 19
Rents also fell 0.3% MoM to accelerate space backfilling.
Commercial property deals dropped 6.2% to $2.1b in Q2
17 Jul 19
The office sector continued to drive property investments, accounting for 53% of the total transaction volume.
High street retail rents slipped 0.1% in Q2
17 Jul 19
Most new leases were by mid-range retailers in the personal care and sporting goods categories.
Industrial vacancies dropped to 1.7% amidst weaker leasing momentum in Q2
17 Jul 19
Warehouse rents edged up 0.5% QoQ despite the downbeat trading outlook.
Office rents fall for first time in five years in Q2
17 Jul 19
Leasing costs fell 0.4% led by declines in Central and Wanchai/Causeway Bay.
Non-residential property transactions nearly halved in H1 over weak investor sentiment
15 Jul 19
There were only 475 commercial transactions from January-April 2019.
Office rental growth slows in Q2: report
10 Jul 19
Supply in core area remained tight as new prime spaces will only be out by 2023.
Is Kowloon Hong Kong's next Central?
10 Jul 19
It is now home to Citibank and JPMorgan’s front offices, amongst others.
Mainland developers snapped up 3 in 5 government residential site tenders in H1
8 Jul 19
Only two residential sites with Victoria Harbour views remain for tender on the Kai Tak runway.
Neighbourhood shopping malls flourish in Hong Kong's tight spaces
3 Jul 19
Investors have pooled $63b into the sector in the past decade.
Grade-A office rents fell 1% to $160 psf in May
25 Jun 19
Most of the deals in Central were in the small or mid-scale level of below 15,000 sqft.
Singapore overtakes Hong Kong as Asia-Pacific's top source for outbound capital in Q1
25 Jun 19
Cross-border capital in Hong Kong crashed 37% to US$11.14b.
Central's Grade A rents hold firm at $161 amidst 1.7% vacancy rate in April
11 Jun 19
Decentralisation also slowed due to a low availability of spaces over 20,000 sqft.
Property investments in Guangzhou and Shenzhen rose to $61.91b in 2018
7 Jun 19
Guangzhou accounted for 60% of transactions of over $113.39m.
Hong Kong's property prices hit all-time high
3 Jun 19
Centaline’s Centa-City Leading Index was at 189.42 as of 26 May.
Equinix invests $604m to expand two Hong Kong data centres
3 Jun 19
The expansions will see the firm adding 1,500 capacity cabinets.
APAC's property market hit record $45b of investments in Q1
30 May 19
Growth was driven by China where real estate investments surged to $17b.
Property market to rebound in 2019 as investors chase decentralised assets
30 May 19
One notable deal was PAG’s $11.77b acquisition of Mapletree Bay Point in Kwun Tong in February.
Hong Kong ranks as eighth most attractive office location for tech tenants
29 May 19
Its proximity to Shenzhen is cited as one of the “wild card” factors.
Hong Kong's second-richest man passes on massive property empire
29 May 19
Lee Shau Kee’s sons will succeed as joint-chairmen of Henderson Land Development Co.
Can Hong Kong's first smart city relieve pressure off of space-starved Central?
29 May 19
Citibank, AXA, JP Morgan and Nike are some of the big-ticket names that chose to settle in Kowloon.
Commercial property sales crashed 47% YoY to $34.54b in Q1
21 May 19
Buyers’ sentiment was hit by domestic monetary tightening and US-China trade tensions.
Grade A office net absorption falls to 14,500 sqft in April as demand weakens
21 May 19
Tenants moving out of Central also contributed to the decline.
Revitalisation scheme relaunch could drive industrial property values by up to 149%
21 May 19
Opportunities for redevelopment abound at Kwun Tong, San Po Kong and Kwai Chung.
Industrial property transactions slow in March
21 May 19
Much of the leasing activity focused on relocations.
GBA to boost office demand
8 May 19
Demand will continue to come from companies in the financial sector.
Hong Kong to cement top position as world's busiest cargo port under GBA plan
8 May 19
Cargo throughput is set to rise to 9 million tonnes by 2030.
CBD Grade A office rents dipped 1.7% in March
30 Apr 19
Demand was high for units smaller than 10,000 sqft with monthly rates of $100-$130 psf.
No recovery in sight for property market in Q1
23 Apr 19
Discounts up to 10-20% are slapped on homes as developers feel the squeeze.
Japan's commercial property market to rise despite tight conditions
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.
Industrial property investment ballooned 76% in Q1 2019
17 Apr 19
1 in 3 deals focused on purchasing old industrial buildings for redevelopment.
Grade A office net absorption slumps to 167,100 sqft in Q1
17 Apr 19
Banks and co-working facilities hit the brakes on their expansion plans.
New office lettings crashed 30% in March
16 Apr 19
Net take-up fell into negative territory at 95,700 sqft.
Here's why Chinese developers are on a buying spree of old buildings
4 Apr 19
Compulsory sale applications from Chinese developers surged 160% YoY to 39 applications.

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