Commercial Property
Kowloon properties up for auction with $2.14b reserve price
Total site area is at 19,725 sqft.
Overseas real estate investments fell 31% to $40.79b in H1
Total commercial real estate capital deployed to Singapore hit $10.96b.
Hong Kong prime office rents shrink 1.1% in Q2
Central’s rental rates recorded a 0.2% YoY decline to $161.1 psf monthly.
Hong Kong still top APAC real estate investment market in H1
However, transactions fell 46% YoY to $47.06b.
Central office vacancy rate hits three-year high of 2.6% in July
The occupier market contracted to 56,100 sqft due to subdued leasing demand.
Far East Consortium unit clinches Kai Tak site for $2.45b
It is designated for non-industrial use.
Central still the world's priciest office market for fifth consecutive year
Occupancy costs run at $2,665.8 psf per annum.
The Great Room debuts at One Taikoo Place
The 24,000-sqft premium co-working space targets established corporates.
Grade-A office rents in Hong Kong Island up 1.2% in June
Tenants snapped up office spaces sized over 15,000 sqft.
Grade A office net absorption slumps to 139,500 sqft in June
Rents also fell 0.3% MoM to accelerate space backfilling.
Commercial property deals dropped 6.2% to $2.1b in Q2
The office sector continued to drive property investments, accounting for 53% of the total transaction volume.
High street retail rents slipped 0.1% in Q2
Most new leases were by mid-range retailers in the personal care and sporting goods categories.
Industrial vacancies dropped to 1.7% amidst weaker leasing momentum in Q2
Warehouse rents edged up 0.5% QoQ despite the downbeat trading outlook.
Office rents fall for first time in five years in Q2
Leasing costs fell 0.4% led by declines in Central and Wanchai/Causeway Bay.
Non-residential property transactions nearly halved in H1 over weak investor sentiment
There were only 475 commercial transactions from January-April 2019.
Office rental growth slows in Q2: report
Supply in core area remained tight as new prime spaces will only be out by 2023.
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