Commercial Property
Hong Kong cap rates flat in Q1 2024
Overall, the removal of special stamp duties helped improve market sentiment and demand.
Hong Kong cap rates flat in Q1 2024
Overall, the removal of special stamp duties helped improve market sentiment and demand.
Industrial rents slip 0.7% QoQ in Q1
Tenants prioritising practicality has affected rates.
Soundwill pushes to revalue Causeway Bay site as demand declines
The developer also asked for a lower tender price for the site.
LandsD 'area model' idea makes sense for the San Tin Technopole
The government may need to think further outside the box when dealing with the Northern Metropolis, specifically the San Tin Technopole (STT). Whilst...
Evergrande stalls 2023 annual results release
The company also warned of possible delays in the 2023 report distribution.
Grade A office rent dips 2.5% QoQ in 1Q24
Major submarkets like Island East experienced decline in rents.
Insurance companies drive leasing demand in HK
An insurance firm recently leased 53,600 sq ft at AIRSIDE in Kai Tak.
Commercial property sentiment falls sharply in 1Q24
It fell by 28%.
13/F and 8 parking spaces of Kowloon Commerce Centre Tower B up for sale for $300m
The property has a total floor area of 24,959 sq ft.
Firms slash energy usage by 19% with hybrid workspaces
Those who reduced office space by 26%-50% saw a significant reduction.
Gov’t registers 8 land transactions in 1Q24
The transactions are worth $437m.
Hong Kong sees 8% decline in flexible workspace demand
Supply of flexible workspaces likewise decreased.
Viva Place by Viva Properties opens for lease
The property has a total gross floor area of about 300,000 sq ft.
Local spending trends cast a shadow on Hong Kong retail rent growth
High street rents in retail areas grew modestly in 1Q24, by 0% to 1% QoQ.
Stone Rise opens for lease in Kowloon
Rents start at HK$40 per square feet.
Expert warns of weaker average interest coverage ratios for commercial REITS
Fitch Ratings cited higher interest and vacancies as factors for the decline.
CK Asset earnings drop 24% amidst low property development bookings
However, the company still showed a promising outlook, according to S&P Global
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