Commercial Property

Buildings Department approves 23 construction plans last January

The department also issued 17 occupational permits.

ESR’s PATMI rises 9% YoY to US$655m in FY22

PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.

Office market posts positive net absorption in February

This is the first time after three consecutive months of negative absorption.

Nos. 13-15 San On Street up for sale

The property comprises two buildings with a total gross floor area of 88,154 sq ft.

New co-living rental complex to attract young professionals

The 6,500 square-metre key hotel is located in the heart of Tsim Sha Tsui.

Retail leasing sentiment picks up in February

A notable transaction during the month was the ground floor of 14 Canton Road.

Grade-A office vacancy rate rises to 12.3% in February

The increase was partly due to the completion of S22 in Wong Chuk Hang.

4 actions HK can take to grow its I&T industry

Under the HK I&T Development Blueprint, the city plans to grow the industry by 5% in 5 years.

Relaxation of measures unable to lift real estate investment sales: Savills

In Q4, commercial investment volumes contracted by 44.3% YoY.

Hongkong Land underlying profit fell 20% in FY 22

It declined due to lower contributions from development assets.

Property sales soar 35.1% MoM in February 

Year-on-year sales increased by 49.6%.

HK is 5th top market for super and ultra-prime properties

It is one of the two markets in Asia that made the top 10.