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.
3 ways gov't can improve land tenders
3 ways gov't can improve land tenders
There has been frequent withdrawal of government land lenders in Hong Kong.
Prime hotel, industrial building in East Kowloon up for sale
The properties are sold for $2.22b and $180m, respectively.
Grade A office vacancy rates dropped to 12.6% in October
Kowloon saw the most significant improvement in the vacancy rate.
Are developers losing their appetite for land acquisition?
Since 2022, four residential sites have been withdrawn from government tender.
Relaxation of property cooling measures a ‘band-aid solution’ - expert
The government has reduced Buyer’s Stamp Duty to 7.5%, amongst others.
Luxury home prices to fall up to 5% this year: JLL
Prices are also likely to fall another 5% in 2024.
Office vacancy rates slightly improves in September
Office rents retreated by 1% MoM.
ONE SOHO Commercial Accommodation for sale for $400m
The sale is via public tender.
Retail investment momentum picks up in August
The improvement was most noticeable in Causeway Bay where a building was sold for $300m.
Rate of office vacancy stables in August after four-month high
Rents will remain under pressure amidst low demand and high supply.
Primary residential market sales fall to a six-month low
Only 742 units were sold in August.
Office net effective rent drops 0.7% MoM
Submarkets such as Central and Wanchai / Causeway Bay saw rental drops.
Kai Chiu Road, Haiphong Road emerge as retailers most favoured shopping streets
Retail rents in Haiphong Road are now only 40% lower than pre-pandemic levels.
Properties in Quarry Bay sold via public auction
The properties are located on Pan Hoi Street and King’s Road.
$550m-luxury property in Mid-Levels East up for sale
The residential building has a saleable area of 13,840 square feet.
Hong Kong’s most notable real estate agents under 40
Majority of agents in the list are experts on the office market.
Basket of properties in Pan Hoi Street and King’s Road up for auction
The reserve price for the basket of properties is $6.31b.
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