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Commercial Property
Savills announces promotions in retail and international residential sales
19 Jan 21
The promotions acknowledge the leadership and expertise of Savills in these sectors.
KaiLong buys Cheung Sha Wan property for nearly $1b
19 Jan 21
It was motivated by the cancellation of double stamp duty on commercial properties.
Office leasing down in Q4, expansion demand to remain thin: CBRE
15 Jan 21
Annual overall rents declined by 17.4% YoY in 2020.
Real estate en-bloc deals soar in 2H 2020
11 Jan 21
Market outlook foreseen to stabilize by Q3 2021.
Unit pre-sale consent down 31% on five-year average in 2020
6 Jan 21
Developers will release more projects for sale once the pandemic is contained.
Oscar Chan appointed as JLL capital markets head
5 Jan 21
Chan previously served as executive director for capital markets at JLL.
Organisations to pay more for workspace upgrade: report
15 Dec 20
Hong Kong has a US$110 fit-out cost per square feet.
Commercial property market price corrections ‘less severe' in 2021: report
11 Dec 20
Leasing demand remains subdued with -2.5 million square feet net absorption.
Office rents down 1% in October
1 Dec 20
Overall vacancy rate was at 8.6%.
Stamp duty cut on commercial property to trigger more deals: CBRE
26 Nov 20
However, capital values are not likely rebounding strongly unless rent rates rose.
CBRE hosts expressive art therapy for disadvantaged families
23 Nov 20
They worked with the ChickenSoup Foundation for this project.
IWG to open new flexible workspace in Tsim Sha Tsui
17 Nov 20
The company sees demand for flexible office spaces.
Office leasing, rents still on decline in Q3
15 Oct 20
Grade A CBD rents continued to dip by 5.1%.
Hong Kong office rentals down 4.7% in Q3
14 Oct 20
Overall office rentals dropped for the sixth consecutive quarter.
Cityneon recognized in Entertainment Experience category of China International Business Awards
25 Sep 20
‘Jurassic World: The Movie Exhibition’ combines filmmaking art and science into one inspiring spectacle.
Hong Kong firms mull downsizing office space to save bottomlines
22 Sep 20
Companies with more than 500 staff are most likely to consider reducing space.
Chinese demand to drive Hong Kong's real estate recovery
4 Sep 20
The investment and office markets will benefit as China shows early signs of recovery.
HKMA relaxes mortgage loan measures on non-residential properties
20 Aug 20
The adjustment takes effect from 20 August.
95% of new office lettings in June occurred outside Central area
12 Aug 20
International brands, such as IWG and MUJI, are increasingly flocking to new areas.
Mortgage applications slipped 7.9% in June
4 Aug 20
Despite a jump in approved loans, mortgage loans drawn down also rose 23.8%.
Commercial property market to see green shoots in the medium term: JLL
16 Jul 20
Capital values of mass residential remain resilient in H1.
Grade A office rents shrink 3.8% in Q2
16 Jul 20
This contraction marks the fourth consecutive quarter of decline with average vacancy rate hitting nearly 6%.
No.16 and No.18 Gage Street in Central sold for $332m
15 Jul 20
The building comprises six storeys with street-level shops.
Commercial property sales volume fell 70% in Q2
13 Jul 20
This comes as economic recession and local political turmoil weighed on buyers’ decisions.
Commercial property investments plunged 71% in H1
9 Jul 20
This marks the lowest for a six-month period since 2009.
Foreign firms give up office spaces in Hong Kong
8 Jul 20
Foreign companies make up 61% of the total surrender of office stock in Q2.
Structural changes underway for Hong Kong's retail sector
7 Jul 20
Landlords are still reluctant to substantially cut rents.
Property sale and purchase deals down 24.7% in H1
7 Jul 20
The total consideration for these agreements also dipped 8.8% to $269.02b.
ESR, APG, CPP Investments to establish largest logistics real estate platform in APAC
18 Jun 20
Joint investments of US$1b will be made by APG, CPP Investments, and ESR.
MNACT claims $8m for damages in Festival Walk
18 Jun 20
The Hong Kong-based mall was damaged in light of the protests.
Nan Fung Group to turn Kai Tak site into commercial area for $32b
17 Jun 20
The 47-storey development building is slated to be the tallest CBD 2.0 building.
Check out CBRE's two new offices in Hong Kong
15 Jun 20
Both offices have state-of-the-art facilities and modern working environments.
Link REIT secures $1b sustainability-linked loan from OCBC
11 Jun 20
It is its first sustainability-linked loan transaction in the Hong Kong dollar.
Wing Tai Properties preempts losses for H1
11 Jun 20
But the company assured that its cash flow remains sound.
Office leasing demand still slow despite stabilising environment
21 May 20
Rents across all major submarkets slipped 3% MoM.
Hong Kong's land tender fails to sell in property market setback
14 May 20
All four offers on the former Kai Tak airport site failed to meet the reserve price.
Over 3,850 applications approved for property management sector subsidy
12 May 20
This will involve more than $140m and benefit 22,000 building blocks.
Rental decline in commercial properties seen in Q1
24 Apr 20
Grade A office leasing net absorption at its weakest since 2002.
Hong Kong's co-working scene thrives as Singapore struggles
17 Apr 20
Co-working spaces provider TheDesk gained 25% more new members YoY in Q1.
Office market end users hold back investments due to COVID-19 outbreak
7 Apr 20
General market declined by 4.1% whilst commercial volumes fell.
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Traditional insurers lead but digital firms are rapidly rising
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Spotlight
Hong Kong Business recognises the most innovative products of 2020
Asian Export Awards 2020 commends leading exporters in the region
HKB hails top executives and teams at Management Excellence Awards 2020
Find out who won at the HKB Technology Excellence Awards 2020
Check out the winners of the first China International Business Awards and Technology Excellence Awards
Hong Kong Business recognises outstanding companies in 2020
Hong Kong Business salutes the crème de la crème at the High Flyers Awards 2019