Commercial Property

JLL warns of capital loss risk for ageing Hong Kong offices

The report warned that approximately one-fifth of these buildings may become functionally obsolete by 2035.

Office unit at No. 9 Queen’s Road Central listed for $250m

The indicative asking price is $250m, or about $18,222 per square foot—lower than recent transactions in the same building.

Hong Kong office demand shifts to smaller units in early 2025: Colliers

Office cap rates ranged from 3.10% to 4.10%, retail from 3.25% to 5.00%, and industrial from 3.00% to 4.10%.

HKEX to establish new headquarters at One Exchange Square

HKEX bought the asset for $6.3b from Hongkong Land.

Gov’t approves 5 building plans in February

The projects were located across Hong Kong Island, Kowloon, and the New Territories.

Hong Kong property values, rents fall across sectors in Q1: JLL

Despite this, leasing activity in the office, retail, and residential sectors held firm.

THE HEDON in Causeway Bay listed for sale

The 27-storey property offers a total gross floor area of approximately 46,183 square feet.

Real estate investment volumes up by almost 50% in Q1

However, overall investor sentiment remained subdued as interest rates remained high.

Wanda Hotel Development announces major disposal of hotel management subsidiary

 Classified as a "very substantial disposal" under HKEX rules.

Prime office rents decline as vacancy rate climbs

The city’s office vacancy rate climbed to 13.6%.

Hong Kong ranks amongst costliest cities for office fit-outs

Hong Kong emerged as one of the most expensive cities globally.

Portfolio of 19 floors at No. 382 Lockhart Road on sale for $398m

The portfolio includes the 5th floor to the penthouse of the building.