Commercial Property
Wing Tai Properties preempts losses for H1
Wing Tai Properties preempts losses for H1
But the company assured that its cash flow remains sound.
Office leasing demand still slow despite stabilising environment
Rents across all major submarkets slipped 3% MoM.
Hong Kong's land tender fails to sell in property market setback
All four offers on the former Kai Tak airport site failed to meet the reserve price.
Over 3,850 applications approved for property management sector subsidy
This will involve more than $140m and benefit 22,000 building blocks.
Rental decline in commercial properties seen in Q1
Grade A office leasing net absorption at its weakest since 2002. The rental declines in warehouse, grade A offices, and retail properties accelerated...
Office market end users hold back investments due to COVID-19 outbreak
General market declined by 4.1% whilst commercial volumes fell.
Hong Kong ranks 8th amongst favoured cities for cross-border investment
Around 75% of investors have retained appetite towards real estate.
Office net absorption slumps to 189,300 sqft in February
Rents in Central also contracted by 3.2% MoM to $116.1 psf.
Link REIT bags $948.04m sustainable loan from DBS
Proceeds will be used for general corporate funding purposes.
Property valuation to take a hit if political situation worsens
There has been growing demand from Mainland occupiers in the city’s office sector.
Demand for Grade A office spaces sours amidst slow economy
Leasing demand from co-working centres plunged 63%.
Grade A office vacancies widened to 6.1% in January
As a result, rents dropped the sharpest by 1.1% MoM to $120 psf.
Real estate investments plunge to lowest in a decade
Investment volumes fell 57% YoY in Q4 2019.
Office rental volumes down in Q4
Vendors were hesitant to accept discounted asking prices.
Sluggish retail rents to spill over to 2020
Visitor arrivals were down by 51.5% in December.
Grade-A office vacancies in CBD hit 3.4% in 2019
Office decentralisation efforts prompted it to hit its highest level in five years.
Industrial property transaction volumes surged 150% in Q4 2019
Rising redevelopment interest has countered the impact of social unrest.
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