Commercial Property
Demand for Grade A office spaces sours amidst slow economy
Demand for Grade A office spaces sours amidst slow economy
Leasing demand from co-working centres plunged 63%.
Grade A office vacancies widened to 6.1% in January
As a result, rents dropped the sharpest by 1.1% MoM to $120 psf.
Real estate investments plunge to lowest in a decade
Investment volumes fell 57% YoY in Q4 2019.
Office rental volumes down in Q4
Vendors were hesitant to accept discounted asking prices.
Sluggish retail rents to spill over to 2020
Visitor arrivals were down by 51.5% in December.
Grade-A office vacancies in CBD hit 3.4% in 2019
Office decentralisation efforts prompted it to hit its highest level in five years.
Industrial property transaction volumes surged 150% in Q4 2019
Rising redevelopment interest has countered the impact of social unrest.
Office rents down 1.5% in Q4 2019
Wanchai/Causeway Bay recorded the largest rental decline.
Commercial property investment volume hits decade-low to $46.93b in 2019
The number of transactions higher than $100m reached only 30% of the five-year average in Q4.
Causeway Bay retail rents slipped 13.9% in 2019
Some international retailers closed their shops amidst unrest.
Office space withdrawal hits 17-year low in Q4
About 378,000 sqft of office space was affected by withdrawals.
Property deals down 5.5% to 74,804 units in 2019
December deals crashed 41.7% to 3,908.
Government earmarks $2.4b to revamp four historic buildings
It has opened proposals for revitalisation to organisations.
Premium Central office rents slipped 11% from June to October
Retail firms posted more lease disposition cases as many cut costs.
Office rental growth hits decade-low in October
Rents have dropped 1.6% MoM to $74.3 per sqft.
Property investments down 32% to $3.67b in Q3
This is the fifth-straight quarter of decline.
Portion of Kai Tak runway sold for $15.95b
The amount was slashed by up to 20% from the top price range.
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