Commercial Property
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.
Grade A office leasing demand to rise as tenants seek to upgrade spaces: JLL
More new spaces will push vacancy rates up, but also attract tenants to upgrade.
Buildings Dep't OKs 19 construction plans in March
The department also issued 25 occupation permits.
Hongkong Land reported lower profit in Q1
But the Group's Central portfolio delivered a strong performance.
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.
Kennedy Townproperty for sale via public tender
The 2,260-square-meter site is for non-industrial purposes only.
Annual rental rate for stores in core retail districts to see an 8% YoY growth
Colliers said economic recovery will drive the rate up for the year.
No new capacity added to Hong Kong’s data centre market: report
The market’s aggregate supply stands at 988 MW.
HK's commercial real estate sales climb 15% YoY to US$2.6b in Q1
The city is amongst the only two major markets to post an increase in investment volume.
Commercial real estate volume drops 10% YoY to $12.56b in Q1
Most transactions in Q1 were primarily small mid-sized private capital deals.
Gov’t passes family office tax relief measure
The tax concession for FIHVs will be applicable for assessment commencing on or after 1 April.
One HarbourGate East Tower up for sale via tender
The property has a market value of $7b.
Commercial property sales drop 38.6% MoM in April
Cash-rich business owners drove transactions for the month.
Property transactions fell 33.1%
On a yearly basis, it grew 18.6%.
Office space negotiations more active as overall vacancy rate drops in March
This is the first drop since May 2022, JLL said.
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