Commercial Property
Firms head east to avoid high Central office rents
Firms head east to avoid high Central office rents
BNP Paribas and Freshfields Bruckhaus Deringer are amongst the first to move.
Hong Kong Central's office space is still the world's priciest
It costs an average of $210 psf monthly.
Office rents up 0.3% to $71.6 psf in October
The expansion of PRC companies in Central drove rents upward.
Property sales down 11.8% to $66.7b in November
There were a recorded 7,601 sale and purchase agreements last month.
Kowloon office already 70% leased even before April opening
Rents are $85/sqf monthly but early bird tenants received discounts.
Hong Kong offices still the priciest in the world
They cost $87.86 per square meter.
Property prices to rise next year
Media and tech are the big new tenants.
Rent for Grade-A office properties expected to rise 5-8%
However, limited availability remains an issue.
Hong Kong leads real estate market growth in Asia Pacific
Development site transactions tripled to $134.2b.
Investment in Hong Kong commercial real estate up 27% to US$3.1b in Q3
Year-to-date investment is already 9% higher than in 2016.
New rentals in Central surge 47% in September
There is strong demand from the banking and finance sector.
Kowloon East set to be next CBD: CBRE
10.7 million sqft of Grade A office space has been built in Kowloon East.
Industrial property transactions edge up 12% to $6.1b
Tin Fun Ingustrial Mansion, sold for $1.98b, helped boost figures.
Hong Kong investors are on a buying spree in London's office market
Investments hit $27.80b, eating up a whopping 56% of London office market investments.
Central office rents up 0.2% in August
It was led by a 0.5% m-o-m growth in Grade A2 office rents.
KaiLong buys three Sheung Wan en bloc buildings
They were purchased at HK$1b.
Hong Kong is the sixth most competitive city globally
But it is struggling from competition with other Chinese cities.
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