Xander Ceballos

The building offers approximately 36,516 square feet of gross floor area.

A premium automotive service facility spanning the first to third floors of Sun Ying Industrial Centre in Aberdeen is now up for sale, with an indicative price of $180m, according to its sole agent CBRE.

Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.

Kwok noted developers are prioritizing capital recovery over pricing power, creating downward pressure on overall residential values.

The properties are located in high-traffic areas including Tsim Sha Tsui, Causeway Bay, Mong Kok, among others.

Hotel occupancy averaged around 85% in 2024, but the Average Daily Rate (ADR) dropped 4.3% YoY.

Mental health, health benefits, and financial wellbeing are the three areas most employers in the region are planning to enhance over the next three years.

The indicative price is set at $398M, or approximately $8,405 per square foot.

Located at 118 Wellington Street, the project is expected to be completed by mid-2026.

With minimal hotel supply growth projected (just 0.1% CAGR from 2025 to 2030), the overall hotel stock is expected to decline under the scheme.

The decision was compared to a similar incident in 2021, when the government withdrew the sale of Tsing Yi Town Lot No. 200 due to its temporary use as a quarantine facility. 

Its estimated market value is over $200m, or around $4,423 per square foot.

The recovery was led by higher net interest income which rose to $530.5m, a 13% increase from $470.7m in 2024. 

When asked about their top aspirations for later life, 47% prioritised physical and mental well-being.

In Asia Pacific specifically, business flights (+12.6%), watches (+9.0%), and even bicycles (+5.5%) saw notable jumps. 

Around 70% of the general population remain unaware of what end-of-life care.