Commercial Property
Lands Dep't records $102.65m transactions in Q2
Lands Dep't records $102.65m transactions in Q2
With 11 lease modifications and three land changes.
Gov't grants Aid group use of historical buildings
Include two buildings constructed in 1921 with site area of 1,046.8 sq. mt.
COS Centre retail units and parking space up for sale
Five ground floor units has gross floor area of 18,637 sq. ft.
Two Light Public Housing at Olympic Avenue open for tenders
Two separate contracts include a total of 7,700 units.
Thirty-seven private lots resumed for development
About 27,600 sqm. will be reverted to the government on 11 October.
Gov’t to resume land for technopole, conservation park
The land will revert to and vest in the government on 11 October.
JLL warns of extended slump property market into next year
JLL expects overall office rents to decline around 5% in 2025.
Investors stayed cautious towards real estate amidst economic headwinds
Lower HIBOR provided limited support but is expected to improve.
Industrial real estate market turns cautious amidst global uncertainty
New demand came from metal storage.
Decentralised office vacancies seen to drag on Hong Kong market
CBRE projects full-year office rents will fall between 5% and 7%.
Victoria Harbour view waterfront hotel up for sale
The 30-storey hotel has a gross floor area of 36,873 square feet.
Emperor flags $16.6b in overdue or breached loans
The group is currently in negotiations with banks to secure revised terms.
Fitch sees Hong Kong office vacancy rising to 19% by 2025
The vacancy rate for grade-A offices in the city is projected to climb from 17% in 2024.
Gov't OKs 10 building plans in April
Five projects were approved to begin construction.
Victory Factory Building property on the market for $579m
The 12-storey building including rooftop has 123,036 sq. ft. of gross floor area.
M1 North Point Hotel property up for sale for $232m
The 28-storey property with the rooftop has a gross floor area of 30,224 square feet.
Henderson Land, Jane Street sign lease agreement on Central Harbourfront project
The lease is reportedly the largest office rental deal in Central in decades.
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