Commercial Property

PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.

This is the first time after three consecutive months of negative absorption.

The property comprises two buildings with a total gross floor area of 88,154 sq ft.

Aggregate trade dropped 33.4% YoY in January.

The 6,500 square-metre key hotel is located in the heart of Tsim Sha Tsui.

A notable transaction during the month was the ground floor of 14 Canton Road.

The increase was partly due to the completion of S22 in Wong Chuk Hang.

In February, sales rose 23.4% MoM to 1,698 units.

Under the HK I&T Development Blueprint, the city plans to grow the industry by 5% in 5 years.

It is expecting a loss of $50.0m.

The property’s estimated worth is $230m.

In Q4, commercial investment volumes contracted by 44.3% YoY.

It declined due to lower contributions from development assets.

Year-on-year sales increased by 49.6%.

It is one of the two markets in Asia that made the top 10.

Centricity Flex lured diverse financial and professional services tenants.