Commercial Property
China Motor Bus sells freehold property in London for $478m
It has a total site area of approximately 1,982.96 sq m.
China Motor Bus sells freehold property in London for $478m
It has a total site area of approximately 1,982.96 sq m.
GIC divests 50% of Westfield Whitford City to JY Group for A$195m
The acquisition marks JY Group's first joint venture with Scentre Group.
Hulic set to acquire Raysum in $9.5m tender offer
It aims to acquire over 100 properties to enhance its leasing portfolio.
Hulic Co. Ltd. is set to acquire Raysum, a builder firm managed by Oasis...
Hang Lung Properties profit decreases to $1.06b in H1
Earnings per share stood at HK$0.23.
Hang Lung partners with IHG to revamp Grand Gateway 66 in Shanghai
The new Grand Gateway 66 will be called Kimpton Xujiahui Shanghai.
Hong Kong amongst most transparent real estate markets globally: report
Globally, Hong Kong ranked 15th in market transparency.
KWG Group Holdings pre-sales value slips 19.3% YoY
Pre-sales area also showed a decrease of 14.3%.
Hong Kong's REIT sector faces sharp valuation decline
Meanwhile, its average leverage ratio rose to 30.2% in 2023 from 27.8% in 2022.
Five industrial buildings in Sai Kung worth $950m for sale
The total site area is 129,526 sq ft whilst the gross floor area is approximately 383,579 sq ft.
JLL postpones public auction for Kwun Tong office building
A new date will be announced at a later time.
New World Development warns of $19b to $20b loss for FY 2024
The group cited asset impairments, losses, and higher interest rates for the decline.
Prime rents slip 0.8% YoY in Q2 2024 amidst increased supply
On a quarterly basis, rents declined 0.5%.
Grade A commercial building at 152 Queen’s Road Central for sale
The tender deadline is on 8 October, 12 p.m.
A 28-storey Grade A commercial building at 152 Queen’s Road Central is for sale via public tender.
Comp...
Henderson Land profit falls 47% YoY to $3.17b in H1 2024
The company attributed the decline to fair value loss incurred during the period.
Grade A office vacancy rates up 13.7% in July
Rents across the market recorded slight declines.
Gov’t approves 12 building plans in June
The approved plans are for residential, commercial, and industrial developments.
CBRE handles sale of Eco Tree Hotel Hong Kong
Tender deadline is on 26 September, 12 p.m.
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Commentary
Ginza-style commercial building in neighbourhood areas attracts local consumption