Commercial Property
Commercial real estate downturn spreads to banks
Commercial real estate downturn spreads to banks
Post-pandemic recoveries in HK and the mainland were weaker than expected.
Chinachem Group subsidiary buys Sha Tin site for $1b
It has a 50-year land grant.
Investor demand fuels industrial property growth in Q3
Notable transactions include JINGDONG buying Li Fung Centre for $1.8b.
HK introduces new public housing estates design guide
A team researched 26 housing estates and collected opinions from 3,000 residents.
Hong Kong hotel investment to drop 35% YoY in 2024
JLL said investors are becoming more selective.
Buildings Department approves 14 building plans
It also issued 15 occupation permits.
Wet goods stalls auction revenue drops 31.39%
The average bid price for the wet goods stalls was $20,316.
Landlords turn to semi-retail tenants as office vacancy pressure mounts
They have also been offering attractive leasing packages to secure tenants.
HK industrial leasing demand remains sluggish
Third-party logistics firms and the automotive sector are leading leasing activity.
Hong Kong's industrial and logistics leasing demand remains...
Ginza-style commercial building in neighbourhood areas attracts local consumption
Ginza-style commercial buildings were previously mostly concentrated in core areas, such as Causeway Bay, Tsim Sha Tsui and Mong Kok, to attract...
Gov’t registers 24 land transactions in Q3
The transactions realised a total land premium of $1.89b.
Ashurst’s Hong Kong office balances privacy and teamwork
The workplace features spaces for socials and quiet work to boost productivity.
Gov’t amends statutory compulsory sale regime
The amendment will take effect on 6 December.
Hung Shui Kiu site up for sale via open tender
It occupies 77,737 square meters and has a gross floor area is 388,685 square meters.
Grade A office market net absorption steady, high street leasing up in Q3: report
The residential market stays stagnant despite the Fed rate cut.
Industrial leasing market weakens in Q3
Warehouse vacancy rates rose to 8.4%.
The industrial leasing market in Hong Kong experienced a softened momentum in the third quarter, as landlords...
Investigation launched into Anderson Road Development project
Inspections showed that six beams on the 29th floor of Tower 3 lacked the specified steel reinforcements.
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