Commercial Property
Hong Kong East and Wanchai vacancy rates tighten in March amidst relentless tenant decentralisation
Rates narrowed to 2.4% and 2.1% respectively.
Heated property sector buoys prime retail and office REITs
Wharf REIC, Link REIT and Champion REIT are in for a good year ahead.
Investors turn to prime property as trade war threat dims outlook for other assets
The economic uncertainty has actually resulted in a positive development for Hong Kong’s real estate sector.
Companies exit Central in droves amidst staggering rental costs
Goldman Sachs was the latest to pull out from the CBD.
Co-working operators buoy office leasing demand in Q1
They committed to 143,300 sq ft of new space in Hong Kong Island in Q1.
21 building plans approved in February
Commercial developments dominated upcoming construction projects.
Forced relocations buoyed industrial transactions in Q1
A local beverage company secured a site in Tuen Mun in light of possible relocation from Yuen Long.
Commercial real estate transaction volumes plunged 64% to $37.1b in Q1 as Chinese investors retreat
China Energy Reserve & Chemicals Group pulled out of a deal to acquire Li Ka-Shing's The Center in Central.
17 land transactions registered in Q1
The transactions hit a total land premium of $5.68b.
WeWork eyes naked Hub acquisition to capture Greater China market
Local media are reportedly valuing the deal at $400m.
Tsing Yi site sold for $867.3m
It was awarded to Wang On Properties subsidiary Newex Limited.
Office net absorption hits 160,900 sq ft in February
Hong Kong East is emerging as a preferred destination with rents rising the fastest at 0.5%.
Property sales down 15.6% in March
Total consideration for sales and purchase agreements fell to $50.5b.
Inside nakedHub's swanky Hong Kong office spaces
Their Bonham Strand and New Steet hubs combine the best of hospitality and design.
Chinese developers slow down property acquisition spree
Local developers bid more aggressively as Chinachem and The Wharf snatched two GLS sites.
23 building plans approved in January
More than half were for apartment developments.
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