Commercial Property
Office vacancy rates tighten to 4.3% in May
Office vacancy rates tighten to 4.3% in May
Co-working operators from the Mainland continued to snap up office space.
Central is the world's priciest prime office market for third straight year
Occupancy costs per sqft are higher than London and New York at $2,505.
13 building plans approved in April
Apartment and commercial developments dominated monthly construction plans.
Flexible workspaces represent 1.2% of Hong Kong's office space
This marks one of the least penetration rates in APAC.
Swire Properties to reportedly sell Cityplaza Three and Four for $14b
The buyer is Hengli Investment Holding Group.
Residential and transport projects dominate construction output in Q1
They accounted for $17.9b and $12.8b respectively.
Property sales down 10.9% to $63.5b in May
Skyrocketing property prices may have finally dampened demand.
Hong Kong's land shortage is pushing local developers to China
The land shortage exceeded the government estimate of 1,200 hectares.
Hong Kong dominates APAC commercial property market as transaction volumes hit $191.5b in Q1
The city was the only market that ranked in the top five across all five property sectors - office, industrial, retail, apartment and hotel.
17 building plans approved in March
Apartment developments dominated future construction activities.
Industrial leasing activity steadies in April amidst strong trade flows
Imports and exports rose 10.7% and 8.7% respectively in March.
Are developers snapping up hotel land to convert into higher yielding offices?
The office sector continues to enjoy heated interest from investors.
Hong Kong East and Kowloon dethrone Central in April as tenants embrace lower rents
The two markets accounted for over three quarters of new office lettings last month.
Flexible working spaces in Hong Kong doubled in past three years
There are more than 50 operators covering over 1m sq ft in land area.
How can property developers cash in on the eSports boom?
Purpose-built establishments are being constructed to cater to the global competitive gaming market and Hong Kong is no exception.
What could possibly cost more than a flat in space-starved Hong Kong?
HSBC and Standard Chartered have even started offering mortgages for these products.
Property sales up 36.3% to $77.8b in April
Residential units accounted for three quarters of the monthly sales.
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