Commercial Retail
Forthright Securities takes 14,000 sq ft Sheung Wan flagship store
Forthright Securities takes 14,000 sq ft Sheung Wan flagship store
Golden Centre site has ad panels and digital screens facing Des Voeux Road Central and Queen’s Road Central.
LandsD opens public bidding for new Kowloon lot
Land sale documents are available online and for public inspection.
Hang Lung partners with Join Buy on West Nanjing mixed-use project
The joint venture redevelops one of Shanghai’s commercial districts.
Property sales dip 0.8% MoM in July
A total of 7,271 sale and purchase agreements for all building units were recorded in July.
FEHD to auction 474 stalls in 43 public markets
Leasing period will be a three-year fixed term beginning 1 September, with no renewal upon expiry.
Nearly 65% of retailers utilise marketplaces
Only around 40% of retailers use their websites to sell.
High street rents rise by 2.6% YoY in Q1
Central led the performance, with rents increasing by 1.9% QoQ.
Luxury brands flock to Lifestyle’s first mall tower in Kai Tak
The mall has achieved over 95% occupancy since its launch in November 2024.
Hotel Ease Tsuen Wen in Kwai Chung up for sale at $530m
It has a gross floor area of 107,000 square feet.
Lifestyle International opens The Twins Tower I in Kai Tak
Tower I will be anchored by SOGO Kai Tak, a new Japanese-style department store.
Shop spaces at 2/F The Galleria up for sale for $50m
The property will be sold with an existing tenancy.
Tsim Sha Tsui commercial building enters market at $200m
The total gross area is 19,923 square feet.
Colliers appointed to sell Shun Tak Centre retail shops
There are 130 retail shops in the 3/F of the retail podium.
T-Plus podium and car park enter market at $200m
The asset has a total gross area of 39,228 sq. ft.
Country Garden’s contracted sales hit RMB 3.41b in July
Gross floor area (gfa) attributable to the shareholders was 0.38 million sq m.
High-end retailers expand as rents drop in Q2 2024
Causeway Bay outperformed, with rents increasing by 1.8% QoQ.
Office tenants opt for renewals, maintain space amid savings
Two-thirds of respondents would stay in their current building.
Commentary
Hidden licensing hurdles affecting Hong Kong’s biotech ambitions