Commercial Property
Tender for industry sites in Yuen Long and Hung Shui Kiu cancelled
Tender for industry sites in Yuen Long and Hung Shui Kiu cancelled
The government is taking a more pragmatic arrangements for the two industry sites.
Kwun Tong office building valued over $200m up for sale via tender
Its estimated market value is over $200m, or around $4,423 per square foot.
Gov’t to resume Kowloon City land urban renewal
A total of 1,009 property interests will be resumed.
More than eight in 10 firms downsize for cost savings
Around 31% of respondents expressed a negative outlook for the next 12 months.
Lands Dep't records $102.65m transactions in Q2
With 11 lease modifications and three land changes.
Gov't grants Aid group use of historical buildings
Include two buildings constructed in 1921 with site area of 1,046.8 sq. mt.
COS Centre retail units and parking space up for sale
Five ground floor units has gross floor area of 18,637 sq. ft.
Two Light Public Housing at Olympic Avenue open for tenders
Two separate contracts include a total of 7,700 units.
Thirty-seven private lots resumed for development
About 27,600 sqm. will be reverted to the government on 11 October.
Gov’t to resume land for technopole, conservation park
The land will revert to and vest in the government on 11 October.
JLL warns of extended slump property market into next year
JLL expects overall office rents to decline around 5% in 2025.
Investors stayed cautious towards real estate amidst economic headwinds
Lower HIBOR provided limited support but is expected to improve.
Industrial real estate market turns cautious amidst global uncertainty
New demand came from metal storage.
Decentralised office vacancies seen to drag on Hong Kong market
CBRE projects full-year office rents will fall between 5% and 7%.
Victoria Harbour view waterfront hotel up for sale
The 30-storey hotel has a gross floor area of 36,873 square feet.
Emperor flags $16.6b in overdue or breached loans
The group is currently in negotiations with banks to secure revised terms.
Fitch sees Hong Kong office vacancy rising to 19% by 2025
The vacancy rate for grade-A offices in the city is projected to climb from 17% in 2024.
Read Here
Advertise
Sign Up
