Commercial Property
Hang Lung partners with IHG to revamp Grand Gateway 66 in Shanghai
The new Grand Gateway 66 will be called Kimpton Xujiahui Shanghai.
Hong Kong amongst most transparent real estate markets globally: report
Globally, Hong Kong ranked 15th in market transparency.
KWG Group Holdings pre-sales value slips 19.3% YoY
Pre-sales area also showed a decrease of 14.3%.
Hong Kong's REIT sector faces sharp valuation decline
Meanwhile, its average leverage ratio rose to 30.2% in 2023 from 27.8% in 2022.
Five industrial buildings in Sai Kung worth $950m for sale
The total site area is 129,526 sq ft whilst the gross floor area is approximately 383,579 sq ft.
JLL postpones public auction for Kwun Tong office building
A new date will be announced at a later time.
New World Development warns of $19b to $20b loss for FY 2024
The group cited asset impairments, losses, and higher interest rates for the decline.
Prime rents slip 0.8% YoY in Q2 2024 amidst increased supply
On a quarterly basis, rents declined 0.5%.
Grade A commercial building at 152 Queen’s Road Central for sale
The tender deadline is on 8 October, 12 p.m.
A 28-storey Grade A commercial building at 152 Queen’s Road Central is for sale via public tender.
Comp...
Henderson Land profit falls 47% YoY to $3.17b in H1 2024
The company attributed the decline to fair value loss incurred during the period.
Grade A office vacancy rates up 13.7% in July
Rents across the market recorded slight declines.
Gov’t approves 12 building plans in June
The approved plans are for residential, commercial, and industrial developments.
CBRE handles sale of Eco Tree Hotel Hong Kong
Tender deadline is on 26 September, 12 p.m.
Rykadan One commercial units up for sale via EOI
The EOI will close on 30 August at 12 pm.
Wheelock acquires Hop Lung Industrial Building for HK$728m
The developer plans to redevelop the building into a "high-quality industrial project."
Hong Kong logistics rents rise 3.3% in H1 2024
The prime net rent was $15.5m per sq. ft.
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