Commercial Property
Hong Kong is the sixth most competitive city globally
But it is struggling from competition with other Chinese cities.
Property sales dropped 20.7% to 7,540 deals
Total consideration was $56.6b.
Dwellworks moves into new corporate home in The Hennessy, Wanchai
They transformed the new office into a home-like workspace.
Hong Kong dubbed the world's costliest office market again: CBRE survey
Prime office rents at central hit US$269 psf per year.
Retail landlords becoming more flexible in rental terms
They fear having empty shops for extended periods.
Applications for compulsory sale surge 80% in the first eight months
15% of private residential stock are expected to be the acquisition target of developers.
Swire Properties' net rental income inched up 2.9% to HK$4.6b
Thanks to soaring occupancy rates in office and retail portfolio.
New lettings in Central dropped by a whopping 75% in July
17,300 sq ft of space was withdrawn.
Kowloon office rents to face downward pressure for the rest of 2017
The market is expected to slow down towards the year end.
Hong Kong Island to provide more options for relocation from Central
But Chinese firms will remain the key demand drivers for offices in Central.
Kowloon office rents to face downward pressure until end-2017
More leasing transactions will be concluded after the summer.
Cheung Sha Wan business site sold at $2.97b
Bonson Holdings bought the area.
Wharf Holdings' core net profit up 22% to $7.2b
Driven largely by strong contributions from the property segment.
It's boom time for coworking spaces in Hong Kong
Coworking market almost doubled in size in the past two years.
Hong Kong investors shelled out US$4.9b for cross-border assets
They're the second biggest spenders in Asia.
64% of MNCs mull over using co-working spaces
Potential cost savings pushed them to rethink their working spaces.
Read Here
Advertise
Sign Up
Commentary
Why Hong Kong's carried interest reform matters, and why it isn't a zero-sum play
Medical centre expansion in Hong Kong: How to choose the right location
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers