Commercial Property
Office leasing, rents still on decline in Q3
Grade A CBD rents continued to dip by 5.1%.
Hong Kong office rentals down 4.7% in Q3
Overall office rentals dropped for the sixth consecutive quarter.
Cityneon recognized in Entertainment Experience category of China International Business Awards
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Hong Kong firms mull downsizing office space to save bottomlines
Companies with more than 500 staff are most likely to consider reducing space.
HKMA relaxes mortgage loan measures on non-residential properties
The adjustment takes effect from 20 August.
95% of new office lettings in June occurred outside Central area
International brands, such as IWG and MUJI, are increasingly flocking to new areas.
Mortgage applications slipped 7.9% in June
Despite a jump in approved loans, mortgage loans drawn down also rose 23.8%.
Commercial property market to see green shoots in the medium term: JLL
Capital values of mass residential remain resilient in H1.
Grade A office rents shrink 3.8% in Q2
This contraction marks the fourth consecutive quarter of decline with average vacancy rate hitting nearly 6%.
No.16 and No.18 Gage Street in Central sold for $332m
The building comprises six storeys with street-level shops.
Commercial property sales volume fell 70% in Q2
This comes as economic recession and local political turmoil weighed on buyers’ decisions.
Commercial property investments plunged 71% in H1
This marks the lowest for a six-month period since 2009.
Foreign firms give up office spaces in Hong Kong
Foreign companies make up 61% of the total surrender of office stock in Q2.
Structural changes underway for Hong Kong's retail sector
Landlords are still reluctant to substantially cut rents.
Property sale and purchase deals down 24.7% in H1
The total consideration for these agreements also dipped 8.8% to $269.02b.
ESR, APG, CPP Investments to establish largest logistics real estate platform in APAC
Joint investments of US$1b will be made by APG, CPP Investments, and ESR.
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