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.
Hotel Ease Access Lai Chi Kok for sale for $410m
The hotel has 119 guestrooms with a total gross floor area of around 38,619 sq. ft.
Vacancy rate of Central high street shops drops to 10.5% in Q1
JLL attributed the decline to Mainland’s reopening.
Commercial and residential composite building in Kowloon up for auction
It has a reserve price of $1.071b.
HK to face shortage of over 60,000 suitable elderly places by 2032: report
The city's older population is expected to increase by 46.3% in the next decade.
Commercial real estate volume drops 10% YoY to $12.56b in Q1
Most transactions in Q1 were primarily small mid-sized private capital deals.
Why are residential prices in Hong Kong losing growth momentum?
JLL cites two reasons.
Office space negotiations more active as overall vacancy rate drops in March
This is the first drop since May 2022, JLL said.
Over 85% of first batch of 23 WCH Grade A office units sold
The sale amounted to over $700m.
Faster recovery awaits Hong Kong’s high-end hotels
JLL expects the sector’s transaction activity to reach US$1b by Q423.
Compulsory sale applications drop 24% in 2022
But JLL expected a more visible return in the second half of 2023
Ap Lei Chau buildings sold for $157m in public auction: JLL
The sites were sold to Sky Dynamic International Investments Limited.
Viva Place up for lease
The 27-storey building has a total gross floor area of 300,000 sq ft.
Sheraton & Four Points up for sale
The property has 1,219 rooms.
Office market posts positive net absorption in February
This is the first time after three consecutive months of negative absorption.
How sluggish trade activity is affecting industrial leasing
Aggregate trade dropped 33.4% YoY in January.
Home sales rise in February
There were 4,282 units sold during the month.
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