Commercial Property
Gov’t registers 14 land transactions in 4Q23
Gov’t registers 14 land transactions in 4Q23
The transactions realised a total land premium of $492m.
First floor of Hong Kong Diamond Exchange Building up for sale
The asset has a total floor area of around 3,600 sq ft.
Property sales dropped in 2023
Sale and purchase agreements dropped 2.7% YoY in 2023.
6 in 10 employers plan to redesign their office to enable hybrid work
Most companies in Hong Kong have either completed their redesign or have one underway.
Gov’t approves 10 building plans
The approved plans are for residential, commercial, and industrial developments.
Gov’t to amend land redevelopment bill
The amendment will expedite the consolidation of property interests.
Evergrande to record $60.3m in Shanghai Henggen Real Estate exit
A unit of Evergrande will sell its 30% stake in Shanghai Henggen Real Estate for $727.3m.
3 ways gov't can improve land tenders
There has been frequent withdrawal of government land lenders in Hong Kong.
What are the most searched properties in Hong Kong in 2023?
Two of the 10 popular searches are shopping complexes.
Prime hotel, industrial building in East Kowloon up for sale
The properties are sold for $2.22b and $180m, respectively.
Hongkong Land appoints Michael Smith as new chief executive
He will be succeeding Robert Wong who has been the Chief Executive since 2016.
Navigating challenges and seizing opportunities in Hong Kong’s self-storage sector
Hong Kong’s self-storage business evolved in four distinct stages. It first emerged in the mid-1990s when the concept was introduced from the US. The...
Link REIT's 6-month net property income rises 10.4%
The addition of Singapore retail assets to the REIT's portfolio helped boost its NPI.
Commercial property investment volume rises 44% YoY to US$1b in 3Q23
Year-to-date, however, volume fell by 7% YoY to US$5b.
Hong Kong cap rates increase in Q3
The gross yield of commercial properties in Hong Kong ranges from 2.85%-4.60%.
Hong Kong faces 68% demand-supply deficit for sustainable workplaces: JLL
APAC must accelerate retrofitting of buildings to meet this demand.
Gov't eases property cooling measures
The adjustments include a reduction of the buyer's stamp duty to 7.5%.
Read Here
Advertise
Sign Up
Commentary
Driving non-Grade A office market with the Hostels in the City Scheme