Commercial Property
Grade A office vacancy rates up 13.7% in July
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.
Rykadan One commercial units up for sale via EOI
The EOI will close on 30 August at 12 pm.
Wheelock acquires Hop Lung Industrial Building for HK$728m
The developer plans to redevelop the building into a "high-quality industrial project."
Hong Kong logistics rents rise 3.3% in H1 2024
The prime net rent was $15.5m per sq. ft.
1 in 5 businesses plan to downsize office footprint
Office occupiers are increasingly prioritising cost savings to control overhead costs.
More distress deals to take place as investment remains subdued in H2
These deals made up 50% of the investment deals in Q2
Businesses seek cost-saving incentives from office landlords
Approximately 8 in 10 favour rent-free periods the most.
3 things businesses consider for the ideal office space
These are price, building quality, and size.
Costs drive Hong Kong firms to seek smaller office spaces
Cost optimisation, shrinking business demand named as top reasons.
Property sales up 0.3% in July
The total consideration for residential units was $35.7b.
Dock 1A's revamp to bring Sai Kung’s first mega shopping mall
The revamped mall will launch in Q1 2025.
Investors target HK retail properties with yields over 5.5% amidst rate cuts
A recent transaction yielding over 5.5% is a ground-floor unit in the Prince Commercial Building.
Grade A office leasing stalls amidst economic woes
This exerts pressure on landlords to offer generous incentives.
Gov’t approves 14 building plans in May
The approved plans are for residential, industrial, commercial, and community service developments.
13-storey building at 133 Wai Yip Street, Kwun Tong up for auction
The auction will be held on 4 September at 11 am.
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