Commercial Property
Net effective rent of HK offices drop 0.1% MoM in July
Decline in rents was also observed across major office submarkets.
Net effective rent of HK offices drop 0.1% MoM in July
Decline in rents was also observed across major office submarkets.
Industrial property leasing market remains subdued in July
Hong Kong suffered a spillover effect from lockdowns in Shanghai.
Hing Wai Ice & Cold Storage for sale
The 12-storey facility features direct sea access along Aberdeen Harbour.
Sha Tin lot to be launched for sale on Aug. 19
The site will be sold by public tender.
Deal-making for commercial real estate down 50% in Q2 22
The market’s transaction volume reached $18b (US$2.3b).
App for easier compliance of Mandatory Window Inspection Scheme launched
Through the app, owners can find qualified persons to conduct window inspections.
Savills Hong Kong, Inspace XR partner for interactive 3D model use in real estate
The technology will be used for 17 Kai Cheung Road and 46 Sassoon Road projects.
Property at Sun Chun Street up for public auction
The property has a reserve price of $588.7m.
Cushman & Wakefield appoints new Hong Kong head of business development
She will be lead the research and marketing functions in Hong Kong.
Why landlords are becoming more optimistic about the retail market
It’s partly because of the new administration.
Landlords are becoming more optimistic about the retail market, and it's partly thanks to the new...
Overall vacancy rate for Grade A office up slightly 9.4% in June
Vacancy rate in Central rose from 7.6% to 7.9%.
Hotel investments in HK swells 70.5% in H122
The market reported $3.9b (US$504m) total sales volume.
Grade A office rents to decrease by 2% due to new office supply
There could be 3.9 million square feet of new Grade A supply.
Capital market recovery stays slow amidst Fed interest hike: Colliers
Total investment volume for the first half of 2022 was down by 15%.
Commercial properties investment volumes down 37.9% in H122
It posted $29.2b worth of investment in the first half of 2022.
Yanlord’s Suhe Century project sold out with $5b pre-sales
The property's average selling price was $155,290 per sqm.
Fifth wave pushes back retail market in H122
Rents of high street shops and prime shopping centres dropped 9.8% and 4.8%, respectively.
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Commentary
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