Commercial Property
Hong Kong continues to be the most expensive office location in Asia Pac
Hong Kong continues to be the most expensive office location in Asia Pac
Tokyo and Singapore lagged behind as prime office rents in Hong Kong reached US$122.33 per sq ft per year as of the third quarter of 2011.
Hong Kong retail property sector seen bucking the downtrend
Street shop rentals in traditional shopping districts projected to rise 12% in the next twelve months.
Cheer Regal buys Sai Kung site for $719mn
The site area is about 17,940 sq. m. and is designated for hotel purposes.
Grade A office rents in Central down 1.5%
Rents to edge down 8% in the next 12 months behind the fragile economic recovery of the US and the debt crisis in the Eurozone.
Are Hong Kong parks turning into residential sites?
If they are, then there will be 44,000 hectares more land for homes.
Hong Kong among the world’s highest in prime industrial land price
Elevated demand for warehouse in Asia is expected to sustain in long term.
Hong Kong’s Class A office rent most expensive worldwide
Office rents in Asia Pacific rise as vacancy rates edge down.
Hotel site in Kowloon to be sold by tender
A residential site in Lantau will also be sold by public tender.
Land Registry FY2011 profit soars to 35.9%
The agency has launched a new option involving two stages of automatic conversion to accommodate divergent views and concerns of stakeholders.
Hong Kong is most expensive office location worldwide in 1H 2011
With Class A gross rents averaging $214 psf /year.
Draft of Hoi Ha plan gets approved
The Chief Executive in Council has approved the draft of the plan of Hoi Ha Development Permission Area. The Planning Scheme Area covers an area of...
Draft of Pak Lap plan gets approved
The Chief Executive in Council has approved the draft Pak Lap Development Permission Area Plan.
Fifteen land transactions totaling $8.3B registered in Q3
The Lands Department registered 12 lease modifications and three land exchanges in the Land Registry during the quarter ending September 2011.
Renhe dominates underground shopping malls
It currently has 14 projects under construction and 17 projects in the pipeline.
The Wharf’s Harbour City retail sales surge 36% in 2H11
Retail sales averaged 44% growth during July and August.
China’s retail property market to be robust in 4Q11
Demand for retail space will be huge as 75m households will be joining the “middle class” by 2015, boosting consumer spending.
New business district tabled
A new business district will rise in Hong Kong combining Kwun Tong, Kowloon Bay and the former Kai Tak Airport site.
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