Commercial Property

Warehouse tenants in Hong Kong suffer from undersupply

Zero addition to warehousing stock for the past decade.

Office units in COSCO Tower and Kowloon Commerce Centre up for sale

Units 1105-1106 have GFA of approximately 2,818 sq ft.

Office rents in Central dipped 1.2% in 1Q13

Landlords may have reduced asking rents by 15%.

Bids for 3-year tenancies of 6 shops invited

Bidders must submit tenders before 11 June.

Hong Kong's property sales fell 36%

Agreements amounted to only $31.9b.

Rents in Central market down for 7 straight months

Prime 'AAA' rents are 20% below peak levels.