Commercial Property
Gov’t to assist building owners in maintenance
Gov’t to assist building owners in maintenance
Secretary for Home & Youth Alice Mak said they are alerted by falling concrete.
Housing Authority to open application for subsidised flats
The application will run from 31 July at 8 am to 14 August at 7 pm.
Sale of 21 Borrett Road development falls through
CK Asset Holdings said the purchaser failed to pay the first part of the payment of $1.04b.
Grade A Office leasing volume drops 26% QoQ in Q2 despite higher sales
Most transactions were small in size.
New guidelines set for Yau Ma Tei and Mong Kok plot ratio transfer
The guidelines include a new planning tool between sites.
Property sales drop 9.6% MoM in June
Year-on-year sales increased by 24.1%.
Siu Lun Shopping Centre, retail units at Park Lane Shopper's Boulevard up for sale
The assets will be sold via an expression of interest exercise.
Office space demand ‘evolving’ as corporates focus more on sustainable offices: JLL
Despite increasing demand, vacancy still rose to 12.4% as of end-May.
Luxury brands mark return in HK’s retail leasing market
Chanel is amongst the brands that leased space in the city.
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.
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How companies can use the new cybersecurity bill to their advantage