Commercial Property

Local spending trends cast a shadow on Hong Kong retail rent growth

High street rents in retail areas grew modestly in 1Q24, by 0% to 1% QoQ.

Stone Rise opens for lease in Kowloon

Rents start at HK$40 per square feet.

Expert warns of weaker average interest coverage ratios for commercial REITS

Fitch Ratings cited higher interest and vacancies as factors for the decline.

CK Asset earnings drop 24% amidst low property development bookings

However, the company still showed a promising outlook, according to S&P Global

Hotel in Chiang Mai up for sale

The property is available for sale via expression of interest. 

Auction for 3 floors of Harbourfront Landmark scrapped

Instead, the landlord has opted for a private treaty sale.

AEC Group and CRREM partner to fast-track net-zero transition in Asia Pacific real estate

The two forged a partnership to champion the Net Zero Real Estate Pioneers initiative in Asia Pacific.

Henderson Land Development’s profit rises to $9.26b in 2023

The proposed final dividend will be distributed to shareholders on 21 June 2024.   

Wing Tai posts $812.4m net loss in FY2023

Dividend per share for the period was $0.08.

Hong Kong’s Buildings Department approves 20 building plans in January

The department has also issued 20 occupation permits across different locations.

CBRE leads Hong Kong’s commercial real estate sector in 2023

CBRE was also the global lead for the 13th consecutive time last year.

JLL sets opening bid prices for 3 commercial floors at Harbourfront Landmark 

Bidding starts at $163m and $487m for the 3/F and 5/F & 6/F, respectively.

Grade A building prices to fall 10% in 2024: Savills HK

High interest rates are deterring investors.

Hongkong Land trims its debt by 7% in 2023

S&P Global expects HKL’s luxury retail segment to drive growth in 2024.

CRE investors bullish on Singapore and Hong Kong retail revival

Wealthy investors from Europe and Taiwan are showing interest in investing in Singapore.