Commercial Property
No new capacity added to Hong Kong’s data centre market: report
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.
Gov’t passes family office tax relief measure
The tax concession for FIHVs will be applicable for assessment commencing on or after 1 April.
One HarbourGate East Tower up for sale via tender
The property has a market value of $7b.
Commercial property sales drop 38.6% MoM in April
Cash-rich business owners drove transactions for the month.
Property transactions fell 33.1%
On a yearly basis, it grew 18.6%.
Office space negotiations more active as overall vacancy rate drops in March
This is the first drop since May 2022, JLL said.
Over 85% of first batch of 23 WCH Grade A office units sold
The sale amounted to over $700m.
Growth of high street rents in core districts eases in Q123
Rents in core districts range from $211-$860.
Grade A office rents contract 1.3% QoQ in Q1
The decrease in rents in Island East drove the overall decrease.
Sunac China resumes trading after ‘debt restructuring’
The real estate firm said it fulfilled the resumption guidance.
Total investment deals down 16% YoY to $9.1b in Q1 23
Buyers were cautious as the interest hike impacts border reopening.
HK warehouse vacancy remain stable at 3.4% in Q1
The drop in exports contributed to the performance of the market.
Commercial Building in Tsim Sha Hui up for sale
The "Grade A" 22-storey property has a gross floor area of 58,584 square feet.
Vacancy in HK Grade A offices dip 0.2 pp to 15.1% QoQ
But the trend is expected to raise due to companies' cost control policies.
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
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