Commercial Property

Restoration and upgrade works may boost Japan's construction expenditure to US$61.93b
12 Dec 18
Its government will spend an additional US$26.5b to upgrade infrastructure affected by natural disasters.
Grade A office capital values may drop 10% in 2019
11 Dec 18
Central and Kowloon East are forecasted to post the slowest growth.
Emperor International sells Inn Hotel Hong Kong at $1.1b
11 Dec 18
The proceeds will be used for the firm's business development.
Central is still the world's priciest prime office market in Q3
6 Dec 18
Occupancy costs are at $2,641 (US$338) psf.
Here's why Wanchai offers a reprieve from Hong Kong's crowded CBD
28 Nov 18
The sub-district offers larger office spaces, affordable rent and good business amenities.
Real estate investment volumes dropped 25% in Q3
27 Nov 18
Investors are feeling the heat from rising interest rates and escalating trade tensions.
Grade A office rental growth softened to 0.5% in October
26 Nov 18
Weak stock market performance and escalating trade tensions weighed on investment volume.
Lantau reclamation plan brings reprieve to pressured office sector
14 Nov 18
A third CBD will be created to relieve Central and Kowloon East.
Hong Kong Island's pricey office rents push cash-short tenants to Kowloon
7 Nov 18
Kowloon saw over 100 new leasing transactions in September.
Capco mulls sale of West London estate to CK Asset Holdings
6 Nov 18
The owner of Earls Court estate is demerging its business.
Wanchai office market continues to outperform Central in September
26 Oct 18
It led the sector in terms of rental growth for three straight months.
High-end tech occupiers displace traditional warehouse tenants in Q3
23 Oct 18
These include data centres which have been stepping up leasing activity.
Hong Kong's data centre dreams hit by crippling land shortage
22 Oct 18
China might emerge as an attractive alternative to the costly SAR.
Fitting out an office is cheaper in Hong Kong than Singapore
19 Oct 18
The Lion City’s average fit out costs are $100 psf versus the SAR’s $94.
Hong Kong shakes up Western dominance as it ranks second best city for cross-border property capital
17 Oct 18
Investment volume ballooned 259.4% in Q2 thanks to aggressive Mainland investors.
Gaw Capital joins $15b buyout of Cityplaza Three and Four
17 Oct 18
It will reportedly join Henglilong Investments as buyer.
19 land transactions registered in Q3
17 Oct 18
The deals had a total land premium of $1.6b.
45-year-old Excelsior Hotel soon to be an office building
9 Oct 18
The redevelopment will cost Mandarin Oriental about $5.09b in a span of six years.
Property sales crash 28% in September
4 Oct 18
There were only 4,799 deals in September.
Check out ATLASPACE's new Harbour City hub
4 Oct 18
It features a spectacular view of Victoria Harbour.
Office vacancy rates let up to 4.2% in August
28 Sep 18
The wave of new supply relieved the pressured market.
Here's why tech tenants are ditching Hong Kong for Bangalore and Singapore
25 Sep 18
They account for under 6% of Grade A office space in H1, one of Asia’s lowest.
Young at heart: Flexi work appeals to millennials and baby boomers alike
20 Sep 18
Those born pre-1964 appreciate the productivity benefits of non-conventional work.
Hong Kong may only have ten years before office supply runs out
19 Sep 18
There are only around 20.1 million sq ft of potential office space from GLS.
Chinese real property investment management firm zeroes in on thriving co-working market
17 Sep 18
Kailong is mulling the addition of co-working elements for its eight Hong Kong properties.
URA to shell out $100m to compensate unauthorised Kwun Tong shopkeepers
11 Sep 18
This is part of the ongoing effort to redevelop Kwun Tong town centre.
Tycoons cash in on strata office market as deals hit US$3.8b in H1
7 Sep 18
The deal volume already beat the full-year record from 2017.
Co-working space operator closes west Kowloon landmark leasing deal
4 Sep 18
Campfire Collaborative Spaces leased three floors of Harbourfront Landmark building.
Will investors embrace lower grade offices as price gap widens?
3 Sep 18
The gap in central for Grade A and B offices is at least $15,000.
16 building plans approved in June
24 Aug 18
Apartment developments dominated last month’s construction plans.
Hong Kong Island office decentralisation gains ground in July
24 Aug 18
Tenants, however, still prefer being as close to the CBD as possible.
Can the luxury property market pick up in the second half of the year?
22 Aug 18
Primary sales volume have crashed after the 2016 peak due to the absence of large-scale launches.
Third-party logistics players ramp up expansion plans despite trade jitters
21 Aug 18
ATC Air Service and AK Logistics grew their Kwai Chung footholds in July.
Office vacancy rates tighten to 3.9% in July
20 Aug 18
Hong Kong East dislodged Central as the district with the lowest vacancy rate at 1.4%.
Yau Tong site sold for $3.3b
16 Aug 18
It was awarded to Ace Alliance Development Limited.
Coworking operator UCommune eyes Hong Kong IPO to outbid US rival
15 Aug 18
It’s also planning to raise around US$200m in its series D round.
Office rents extend climb after rising 2.4% in Q2
8 Aug 18
Wanchai/Causeway Bay dethroned Central as rental growth driver.
Mainland firms are not letting up on Hong Kong's office market in Q2
8 Aug 18
They committed to 300,000 sqft in the first half of the year alone.
Hong Kong beats US and UK as top destination for Chinese property capital
2 Aug 18
Transaction volume surged 155% to US$3.4b in April-June.
Trade tensions could slash H2 commercial and industrial property deals by 12%
31 Jul 18
Mid-range industrial units worth $10m to $10m are likely casualties.

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