Commercial Property
Prime office rents in Admiralty up 10.9% in December
Prime office rents in Admiralty up 10.9% in December
Rents cost $112.1 psf beating Central to post the largest annual change in office submarkets.
Buildings Department approved 20 building plans in November
New buildings were valued at $1.4b in November.
Vacancy rate for Grade-A offices up to 5.1% in December
However, vacancy tightened in highly-sought after Central and Hong Kong East.
Here's why rate hikes are unlikely to shake Hong Kong's heated property market
Bloomberg reports that abundant liquidity acts a shield amongst other buffers.
Ladycode is making waves in the fashion industry
While the second-hand luxury market is in full swing in the West, it is yet to be recognised in most parts of Asia.
Retail sales up 7.5% to $38.7b in November
Thanks to a revival in mainland tourist arrivals, retail sales post its strongest growth in two years.
New office lettings in Central fall 32% in December
Blame the traditional holiday season.
Commercial property transaction volume hit $794.04b in Q4
A series of mega-value transactions boosted this quarter’s figures as 14 deals were valued over $1b.
Warehouse rents rise 0.3% in Q4 amidst robust demand for storage space
Tech manufacturers drove higher levels of leasing activity this quarter.
Net absorption for grade A office hits 603,900 sq ft in Q4
Heightened leasing activity in Central was due to new leases by Chinese financial companies.
Hong Kong remains Asia's priciest location for expat rental housing
Average rents cost $81,000 monthly.
Tung Chung reclamation and advance works contract signed for $12.08b
The project will provide 49,000 residential flats and 870,000 sqm of commercial floor space.
BLOOM co-working space is a garden of creativity and productivity
Check out this swanky co-working space in the heart of Hong Kong’s business district.
Commercial real estate investment surged by 74% in 2017
The office segment performed strongly but retail continued to decline.
Tight vacancy rates may push Central prime office rents up 5% in 2018
This is due to sustained demand from PRC and financial services firms.
Converting properties to co-living spaces can push rental yields up by 12.1%
Students and young professionals are seen to be the most receptive to the co-living scheme.
Chinese banks buoy Central's office market in 2017
They accounted for half of 2017's new lettings.
Read Here
Advertise
Sign Up
Commentary
The strategic decarbonisation model for Hong Kong real estate
The survival playbook for the CEO amidst geopolitical conflicts
The succession shift: Redesigning wealth structures for the next generation
2026 biotech playbook: Hong Kong at the centre of China’s globalisation