Commercial Property
Is Kowloon Hong Kong's next Central?
Is Kowloon Hong Kong's next Central?
It is now home to Citibank and JPMorgan’s front offices, amongst others.
Mainland developers snapped up 3 in 5 government residential site tenders in H1
Only two residential sites with Victoria Harbour views remain for tender on the Kai Tak runway.
Neighbourhood shopping malls flourish in Hong Kong's tight spaces
Investors have pooled $63b into the sector in the past decade.
Grade-A office rents fell 1% to $160 psf in May
Most of the deals in Central were in the small or mid-scale level of below 15,000 sqft.
Singapore overtakes Hong Kong as Asia-Pacific's top source for outbound capital in Q1
Cross-border capital in Hong Kong crashed 37% to US$11.14b.
Central's Grade A rents hold firm at $161 amidst 1.7% vacancy rate in April
Decentralisation also slowed due to a low availability of spaces over 20,000 sqft.
Property investments in Guangzhou and Shenzhen rose to $61.91b in 2018
Guangzhou accounted for 60% of transactions of over $113.39m.
Hong Kong's property prices hit all-time high
Centaline’s Centa-City Leading Index was at 189.42 as of 26 May.
Equinix invests $604m to expand two Hong Kong data centres
The expansions will see the firm adding 1,500 capacity cabinets.
Property market to rebound in 2019 as investors chase decentralised assets
One notable deal was PAG’s $11.77b acquisition of Mapletree Bay Point in Kwun Tong in February.
Hong Kong ranks as eighth most attractive office location for tech tenants
Its proximity to Shenzhen is cited as one of the “wild card” factors.
Hong Kong's second-richest man passes on massive property empire
Lee Shau Kee’s sons will succeed as joint-chairmen of Henderson Land Development Co.
Can Hong Kong's first smart city relieve pressure off of space-starved Central?
Citibank, AXA, JP Morgan and Nike are some of the big-ticket names that chose to settle in Kowloon.
Commercial property sales crashed 47% YoY to $34.54b in Q1
Buyers’ sentiment was hit by domestic monetary tightening and US-China trade tensions.
Grade A office net absorption falls to 14,500 sqft in April as demand weakens
Tenants moving out of Central also contributed to the decline.
Revitalisation scheme relaunch could drive industrial property values by up to 149%
Opportunities for redevelopment abound at Kwun Tong, San Po Kong and Kwai Chung.
Industrial property transactions slow in March
Much of the leasing activity focused on relocations.
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