Commercial Property
Hong Kong sees 8% decline in flexible workspace demand
Supply of flexible workspaces likewise decreased.
Viva Place by Viva Properties opens for lease
The property has a total gross floor area of about 300,000 sq ft.
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.
Causeway Bay mixed-used property up for auction
It has a reserve price of $2.43b.
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.
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