Commercial Property
Far East Consortium unit clinches Kai Tak site for $2.45b
Far East Consortium unit clinches Kai Tak site for $2.45b
It is designated for non-industrial use.
Central still the world's priciest office market for fifth consecutive year
Occupancy costs run at $2,665.8 psf per annum.
The Great Room debuts at One Taikoo Place
The 24,000-sqft premium co-working space targets established corporates.
Grade-A office rents in Hong Kong Island up 1.2% in June
Tenants snapped up office spaces sized over 15,000 sqft.
Grade A office net absorption slumps to 139,500 sqft in June
Rents also fell 0.3% MoM to accelerate space backfilling.
Commercial property deals dropped 6.2% to $2.1b in Q2
The office sector continued to drive property investments, accounting for 53% of the total transaction volume.
High street retail rents slipped 0.1% in Q2
Most new leases were by mid-range retailers in the personal care and sporting goods categories.
Industrial vacancies dropped to 1.7% amidst weaker leasing momentum in Q2
Warehouse rents edged up 0.5% QoQ despite the downbeat trading outlook.
Office rents fall for first time in five years in Q2
Leasing costs fell 0.4% led by declines in Central and Wanchai/Causeway Bay.
Non-residential property transactions nearly halved in H1 over weak investor sentiment
There were only 475 commercial transactions from January-April 2019.
Office rental growth slows in Q2: report
Supply in core area remained tight as new prime spaces will only be out by 2023.
Is Kowloon Hong Kong's next Central?
It is now home to Citibank and JPMorgan’s front offices, amongst others.
Mainland developers snapped up 3 in 5 government residential site tenders in H1
Only two residential sites with Victoria Harbour views remain for tender on the Kai Tak runway.
Neighbourhood shopping malls flourish in Hong Kong's tight spaces
Investors have pooled $63b into the sector in the past decade.
Grade-A office rents fell 1% to $160 psf in May
Most of the deals in Central were in the small or mid-scale level of below 15,000 sqft.
Singapore overtakes Hong Kong as Asia-Pacific's top source for outbound capital in Q1
Cross-border capital in Hong Kong crashed 37% to US$11.14b.
Central's Grade A rents hold firm at $161 amidst 1.7% vacancy rate in April
Decentralisation also slowed due to a low availability of spaces over 20,000 sqft.
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