Commercial Property
8-storey building on Kwa Wan Road, Kowloon sells for $1.071b
8-storey building on Kwa Wan Road, Kowloon sells for $1.071b
New Fortress Investment Limited won the auction.
Office demand to remain subdued in 2023: JLL
Given the situation, rents will likely fall by 3%-5% this year.
Industrial building in Quarry Bay up for auction
It has a reserve price of $5.13b.
Phillips’ ‘minimalist’ HQ showcases diverse collection of Asia’s finest art
The 50,000-square-foot headquarters features a purposely built auction room on the ground floor.
It’s not all quiet on the Northern Front
Hong Kong’s Northern Metropolis is fast becoming a highly sought-after real estate investment location. Despite no government land sales being planned...
Property transactions declines 8.2% MoM in May
Year-on-year (YoY), it went down 33.5%.
Hotel Ease Access Lai Chi Kok for sale for $410m
The hotel has 119 guestrooms with a total gross floor area of around 38,619 sq. ft.
Grade A office leasing demand to rise as tenants seek to upgrade spaces: JLL
More new spaces will push vacancy rates up, but also attract tenants to upgrade.
Buildings Dep't OKs 19 construction plans in March
The department also issued 25 occupation permits.
Hongkong Land reported lower profit in Q1
But the Group's Central portfolio delivered a strong performance.
Vacancy rate of Central high street shops drops to 10.5% in Q1
JLL attributed the decline to Mainland’s reopening.
Commercial and residential composite building in Kowloon up for auction
It has a reserve price of $1.071b.
Kennedy Townproperty for sale via public tender
The 2,260-square-meter site is for non-industrial purposes only.
Annual rental rate for stores in core retail districts to see an 8% YoY growth
Colliers said economic recovery will drive the rate up for the year.
No new capacity added to Hong Kong’s data centre market: report
The market’s aggregate supply stands at 988 MW.
HK's commercial real estate sales climb 15% YoY to US$2.6b in Q1
The city is amongst the only two major markets to post an increase in investment volume.
Commercial real estate volume drops 10% YoY to $12.56b in Q1
Most transactions in Q1 were primarily small mid-sized private capital deals.
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