Commercial Property
1 in 5 businesses plan to downsize office footprint
1 in 5 businesses plan to downsize office footprint
Office occupiers are increasingly prioritising cost savings to control overhead costs.
More distress deals to take place as investment remains subdued in H2
These deals made up 50% of the investment deals in Q2
Businesses seek cost-saving incentives from office landlords
Approximately 8 in 10 favour rent-free periods the most.
3 things businesses consider for the ideal office space
These are price, building quality, and size.
Costs drive Hong Kong firms to seek smaller office spaces
Cost optimisation, shrinking business demand named as top reasons.
Property sales up 0.3% in July
The total consideration for residential units was $35.7b.
Dock 1A's revamp to bring Sai Kung’s first mega shopping mall
The revamped mall will launch in Q1 2025.
Investors target HK retail properties with yields over 5.5% amidst rate cuts
A recent transaction yielding over 5.5% is a ground-floor unit in the Prince Commercial Building.
Grade A office leasing stalls amidst economic woes
This exerts pressure on landlords to offer generous incentives.
Gov’t approves 14 building plans in May
The approved plans are for residential, industrial, commercial, and community service developments.
13-storey building at 133 Wai Yip Street, Kwun Tong up for auction
The auction will be held on 4 September at 11 am.
Hong Kong to launch support centre for minority owners
It will offer legal and valuation advice to those impacted by the new sale regime.
Lands Department sells Sha Tin non-industrial site for $619m
This was awarded on a 50-year grant.
Transaction volume in property investment market to reach $20b in H2: Colliers
This will bring total volume to $30b, down 19% YoY.
CKI mulls secondary listing on London Stock Exchange
The potential additional listing could expand the market for the company's shares.
HK retail landlords boost investments amidst sector downturn
They are enhancing malls through marketing, renovations, and amenities like pet-friendly spaces.
Popway Hotel up for sale via public tender
The tender will close on 1 August.
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