Commercial Property

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.
Hong Kong ranks 8th amongst favoured cities for cross-border investment
1 Apr 20
Around 75% of investors have retained appetite towards real estate.
Office net absorption slumps to 189,300 sqft in February
25 Mar 20
Rents in Central also contracted by 3.2% MoM to $116.1 psf.
Link REIT bags $948.04m sustainable loan from DBS
23 Mar 20
Proceeds will be used for general corporate funding purposes.
Property valuation to take a hit if political situation worsens
18 Mar 20
There has been growing demand from Mainland occupiers in the city’s office sector.
Demand for Grade A office spaces sours amidst slow economy
4 Mar 20
Leasing demand from co-working centres plunged 63%.
Grade A office vacancies widened to 6.1% in January
26 Feb 20
As a result, rents dropped the sharpest by 1.1% MoM to $120 psf.
Real estate investments plunge to lowest in a decade
18 Feb 20
Investment volumes fell 57% YoY in Q4 2019.
Office rental volumes down in Q4
12 Feb 20
Vendors were hesitant to accept discounted asking prices.
Sluggish retail rents to spill over to 2020
29 Jan 20
Visitor arrivals were down by 51.5% in December.
Grade-A office vacancies in CBD hit 3.4% in 2019
29 Jan 20
Office decentralisation efforts prompted it to hit its highest level in five years.
Industrial property transaction volumes surged 150% in Q4 2019
22 Jan 20
Rising redevelopment interest has countered the impact of social unrest.
Office rents down 1.5% in Q4 2019
22 Jan 20
Wanchai/Causeway Bay recorded the largest rental decline.
Commercial property investment volume hits decade-low to $46.93b in 2019
14 Jan 20
The number of transactions higher than $100m reached only 30% of the five-year average in Q4.
Causeway Bay retail rents slipped 13.9% in 2019
14 Jan 20
Some international retailers closed their shops amidst unrest.
Office space withdrawal hits 17-year low in Q4
14 Jan 20
About 378,000 sqft of office space was affected by withdrawals.
Property deals down 5.5% to 74,804 units in 2019
7 Jan 20
December deals crashed 41.7% to 3,908.
Government earmarks $2.4b to revamp four historic buildings
4 Dec 19
It has opened proposals for revitalisation to organisations.
Premium Central office rents slipped 11% from June to October
26 Nov 19
Retail firms posted more lease disposition cases as many cut costs.
Office rental growth hits decade-low in October
22 Nov 19
Rents have dropped 1.6% MoM to $74.3 per sqft.
Property investments down 32% to $3.67b in Q3
18 Nov 19
This is the fifth-straight quarter of decline.
Portion of Kai Tak runway sold for $15.95b
14 Nov 19
The amount was slashed by up to 20% from the top price range.
Singapore's CapitaLand sells Citadines Mercer Hong Kong for $581.1m
11 Nov 19
The property has an agreed value of $129.4m.
Hong Kong is the 7th costliest office fit-out market in APAC
5 Nov 19
Soaring AV/IT costs add to the expensive builders’ works.
EY's Hong Kong wavespace focuses on unlocking blockchain's potential
30 Oct 19
The company aims to use the space to help its clients achieve digital maturity.
IWG deepens Hong Kong footprint in sleek Hennessy Road space
30 Oct 19
Spanning 22,700 sqft, the workspace offers 60 private offices and 270 workstations.
Long-term land investments gain ground amidst rising political action
24 Oct 19
Developers are looking to invest more in agricultural lands.
Central's Grade A office rents down 1.7% in September
24 Oct 19
It recorded the sharpest drop of all submarkets during the month.
Commercial property sales crashed 57% in Q3
23 Oct 19
It might surpass 2016 as the worst year in terms of transaction volumes since 1997.
Neighbourhood malls and flex spaces prop up weakening property market
21 Oct 19
Lesser-known neighbourhood malls are cashing in from a more stable source of income and product mix.
Prime street shop rents tumbled 15.4% in Q3 as vacancies mount
16 Oct 19
Retailers are “running out of money” and expired leases were not being renewed.
Office rents break seven-quarter growth with 1% dip in Q3
16 Oct 19
Average rents in Central declined the first time since Q3 2014.
Co-working space theDesk opens urban farm at Sheung Wan
7 Oct 19
A subscription goes for $4,000 every four months.

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