Commercial Property
WORFU in North Point goes on sale via public tender
WORFU in North Point goes on sale via public tender
WORFU boasts a total gross floor area of approximately 210,000 square feet.
Buildings Department approves 9 building plans in November
These are located across Hong Kong Island, Kowloon, and the New Territories.
Industrial lease renewals to dominate in H2 2025: report
Lease renewals dominated leasing activity in Q4 2024.
English Schools Foundation leases Island Place offices
The two office floors comprise a total gross area of 40,380 square foot.
HK’s largest sports infrastructure seen boosting economy with mega concerts
The park’s operator has contacted over 200 sports and non-sports promotional bodies.
Industrial warehouse rents to decline by up to 5% in 2025: CBRE
Rising trade tensions are set to dampen leasing demand and rental performance.
Tourists stabilise HK’s F&B sector amidst retail sales decline: CBRE
Total restaurant receipts declined by just 0.3% year-on-year in the first three quarters of 2024.
Property sales surge 17.1% in 2024
4,422,060 land register searches were made last year.
Smaller land parcels key in boosting developer participation
The government should simplify land sales conditions and divide sites into smaller parcels to attract more developers, JLL said.
Hong Kong’s REIT market may grow with regulatory reforms: Deloitte
Introducing corporate REIT structures and easing property holding rules could address these challenges, says Deloitte.
Hongkong Land launches new Centricity app for office tenants
It aims to give a more personalised and seamless access to the company’s services.
Hong Kong property prices plunge amidst rising foreclosures
Banks are moving to recover missed mortgage payments.
Hong Kong REIT’s current regulations hinder market growth
H-REITs operate under a unit trust structure leading to capital-raising challenges.
Grade A office rents may drop 5-10% in 2025 amid weak demand
Retail rents for both High Street shops and Prime shopping centers may decline by 0-5% in 2025.
Home prices may rise up to 5% amid strong first-hand sales demand
Transactions may reach 55,000-58,000 units, driven by first-hand sales contributing 35-40%, the highest level since 2004.
Don’t let ESG gaps affect your asset’s value
The day when ‘brown discounts’ on property become a genuine concern for stakeholders is drawing nearer. A brown discount is an asset’s loss in value...
Hong Kong construction output up 4.8% YoY in Q3
Public sector construction increased 29.8% to $30.4b nominally.
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