Commercial Property
Wharf profit up by 14% in 2020
Wharf profit up by 14% in 2020
Recovery in the second half of the year reversed the negative growth in the first.
Sunlight REIT, Dah Sing Bank launch Dah Sing Financial Centre
The new office will serve as the Dah Sing Bank’s flagship branch.
Standard rate for industrial building redevelopment starts mid-March
The rates range from $20,000-$130,000 per square metre, depending on the region and use.
Wharf REIC net profits drops 24%
Its occupancy rates in its Hong Kong and Singapore properties remained high due to steady demand.
Gov't approves land exchange for harbourfront dev't project
The harbourfront project will replace the original plan to construct a 25-storey industrial building.
Powerlong Real Estate profit up 46.5% in 2020
The real estate firm’s profit amounted to $10.5b (RMB8.81b) in 2020, whilst its contracted sales amounted to $97.8b (RMB 81.55b).
Wing Tai, Champion REIT enter JV to buy London office
The acquisition of the office building at 66 Shoe Lane costs $2.76b or £255.
Land supply shortage to persist up to three years: JLL
The 2021 New Land Sale Programme shows difficulties in generating new supply.
Link takes up 50% interest in Shanghai Qibao Vanke Plaza for $3.3b
The acquisition is the first retail property investment of the Hong Kong-based REIT firm.
Hong Kong's rental decline largest in Asia Pacific: index
Ten of 22 cities recorded stable or increased rents in the past quarter.
Hong Kong developer sells most expensive apartment at $459m
This is a sign of recovery for the city’s upscale housing market.
Savills facilitates $240m acquisition involving Hing Tin Commercial Centre
Part of the property will be turned into a home for the elderly.
Savills announces promotions in retail and international residential sales
The promotions acknowledge the leadership and expertise of Savills in these sectors.
KaiLong buys Cheung Sha Wan property for nearly $1b
It was motivated by the cancellation of double stamp duty on commercial properties.
Office rents down 1% in October
Overall vacancy rate was at 8.6%.
Office leasing, rents still on decline in Q3
Grade A CBD rents continued to dip by 5.1%.
Hong Kong office rentals down 4.7% in Q3
Overall office rentals dropped for the sixth consecutive quarter.
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