JLL

JLL is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021.

Why prices of new launches from Aug-Sept were lower than secondary projects 

JLL said new projects were at an average discount of 10%.
3 days ago

Why prices of new launches from Aug-Sept were lower than secondary projects 

JLL said new projects were at an average discount of 10%.
3 days ago

Basket of properties on Yen Chow Street sold for $100m

Bridgeway Prime Shop Fund and Owl Square Co-living acquired the properties.   Six retail shops and nine residential units at Kin Sun Building, Nos. 11-19 Yen Chow Street in West Kowloon were sold separately to two buyers for a total consideration of $100m, its marketing agent, JLL announced.   Bridgeway Prime Shop Fund acquired the retail shops for $70m, whilst Owl Square Co-living Founder Max Poon and AL Group Limited Chairman Laurence Chan got a hold of the residential units.   “All these six connecting corner shops with wide frontages are very rare in the area. With numerous residential redevelopment projects nearby, I am very optimistic about the price appreciation potential of this investment,” Edwin Lee, founder of Bridgeway Prime Shop Fund, said.   Accordion to Lee, the shops provide a passing yield of 3% and could achieve a yield of 5% when projects nearby the properties are completed.    Poon, for his part, said he will transform the nine residential units into “high quality and affordable living options for young professionals.”
6 days ago

How will the 0+3 arrangement affect HK's industries?

The leasing market expects a pickup in activities.
6 days ago

Residential block in Grampian Road sold via auction

It was sold for $404.25m to Gold Focus Holdings Limited.

Industrial leasing slows as global trade activities plunge in July: JLL

Global trade is negatively affecting leasing demand for industrial space.

Residential sales jump 12.7% MoM in August

JLL attributed the increase to the handful of primary projects launched during the month.

En-bloc industrial property worth $1.08b in Chai Wan up for sale

It can be redeveloped into a mega logistic and data centre.

Grade A office vacancy climbs to 9.6% in July

JLL said it's the traditional low season for the office leasing market.

Retail leasing momentum rises in July: JLL

This is as retailers grow more confident in the business environment.

Residential sales in July dampened by rate hikes

The average mortgage rate reached 2.5% by the end of the month.

Net effective rent of HK offices drop 0.1% MoM in July

Decline in rents was also observed across major office submarkets.

Industrial property leasing market remains subdued in July

Hong Kong suffered a spillover effect from lockdowns in Shanghai.

HK cuts hotel quarantine period down to 3 days

This will be followed by a 4-day medical surveillance.