Commercial Retail
Property sales dip 0.8% MoM in July
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.
Country Garden receives trading resumption guidance from HKEX
The company has been suspended from trading since 2 April.
Country Garden wind-up petition further adjourned to 29 July
This follows previous announcements made on 28 February, 4 March, and 17 May.
HK's institutional investors infuse US$1.2b into APAC real estate
Investments into Hong Kong, however, dropped.
Read Here
Advertise
Sign Up
Commentary
Driving non-Grade A office market with the Hostels in the City Scheme