Commercial Property
Neighbourhood malls and flex spaces prop up weakening property market
Neighbourhood malls and flex spaces prop up weakening property market
Lesser-known neighbourhood malls are cashing in from a more stable source of income and product mix.
Prime street shop rents tumbled 15.4% in Q3 as vacancies mount
Retailers are “running out of money” and expired leases were not being renewed.
Office rents break seven-quarter growth with 1% dip in Q3
Average rents in Central declined the first time since Q3 2014.
Co-working space theDesk opens urban farm at Sheung Wan
A subscription goes for $4,000 every four months.
Greater Central office rents to fall by up to 8% in 2019
Only Hong Kong East defied the rental downturn in Q3.
Mall rents slashed by up to 25%
Protests have hit Causeway Bay and Tsim Sha Tsui rents the hardest.
Kowloon office leasing demand weakens further in August
Monthly rent in Admiralty fell 9.4% to $105.5 psf.
TNG opens hub to nurture Hong Kong's fintech talent
Located at the heart of Hong Kong Island, the 25,800 sqft space aims to serve the thriving fintech community.
IWG makes Regus and Spaces brands available for franchising
It will provide infrastructure, training and tools for franchisees.
AirTrunk to set up $1.1b data centre in Tsuen Wan
It will open in late 2020.
Kowloon properties collectively sold for $2.14b
The transactions showed that developers are keen to buy and redevelop old buildings.
West Kowloon site up for sale
The public tender will open on 20 September.
Kowloon properties up for auction with $2.14b reserve price
Total site area is at 19,725 sqft.
Overseas real estate investments fell 31% to $40.79b in H1
Total commercial real estate capital deployed to Singapore hit $10.96b.
Hong Kong prime office rents shrink 1.1% in Q2
Central’s rental rates recorded a 0.2% YoY decline to $161.1 psf monthly.
Hong Kong still top APAC real estate investment market in H1
However, transactions fell 46% YoY to $47.06b.
Central office vacancy rate hits three-year high of 2.6% in July
The occupier market contracted to 56,100 sqft due to subdued leasing demand.
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