Commercial Property

Office rents to decline 3%-5% in 2023: report

Office rents to decline 3%-5% in 2023: report

The demand will remain sluggish due to global and local economic situations.

Retail street rents to decline 10-15% YoY in 2023

Retailers are not optimistic about the sector’s outlook, according to Knight Frank.

Rising interest rates, weakening economy dampen residential property demand

Residential sales were down 18.8% MoM in October, according to the Land Registry.

Grade-A Office rents down 1.8% MoM in October

The downward rental trend will continue for the rest of 2022.

Hong Kong’s construction prices remained steady: JLL

The average fit-out cost is US$130 per sqft.

Retail spaces in non-core areas continue to pull investments

The retail podium at Coo Residences in Tuen Mun was sold for $450m.

Office net effective rents drop 0.6% MoM in October

Across submarkets, Central posted the largest drop in rents.

Commercial investment volumes drop 19% YoY to US$1.7b in Q3: MSCI

Singapore ranked 5th amongst APAC markets with the highest investment volume.

Property sales fall 8.1% MoM in October

Year-on-year sales declined by 28.9%

Site in Kai Tak up for public tender

The site is designated for non-industrial purposes.

Flexible office spaces expand in Hong Kong: JLL

Companies should rethink their office design as hybrid work gains traction.

Henderson Land, CR Land partner to boost GBA integration

The companies also seek to seize opportunities in the Northern metropolis. 

Government unveils strategies for land, housing

Strategies include the introduction of Light Public Housing.

Where to invest your millions in real estate

Realtors cited two property types that can offer higher upside potential in return.

Property market ends downcycle 

Real estate expert, Cathie Chung, said that the market will have a reset by 2023.