Commercial Property

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.

JLL, Colliers, and CBRE weigh in on the latest budget measures for property.

The adjustment will help first-time buyers who want to purchase properties.

The city’s leasing and sales activity will see a noticeable recovery.

JLL linked this to the Chinese New Year, traditionally a low season. 

Trading volume reached US$6.7b.

In 2022, volume declined by 25%.

The Investment Sentiment Index in the city dropped to -36 from -39.

New completions pushed the vacancy rate up.

It also gave the green light to start works on 11 building projects.

There were only a handful of lump sum transactions recorded during the year. 

Vacancy rate in end-December rose due to new completions.

The asking price is equivalent to $32,000 per square foot.

The resigned auditor did not receive significant matters in the financial statements.