Commercial Property
Property transaction volume balloons 171% to US$7.4b in Q4
Property transaction volume balloons 171% to US$7.4b in Q4
The office sector remains in hot demand with capital values rising 17.5%.
Co-working spaces eye expanding to Kowloon
Less intense competition from traditional office operators lures them in.
Depressing turnout halts marketing of $24.5b Mongkok office tower
High asking price and less-than-ideal location discouraged Mainland buyers.
Lok Ma Chau zoning plan approved
The area for redevelopment covers about 104 hectares.
Hong Kong dominates APAC commercial property investment market
It broke Tokyo’s ten-year streak after snapping $20.91m in sales volume.
Kwu Tong South draft zoning plan approved
The area for land development covers approximately 525 hectares.
Tender up for Tsing Yi non-industrial site
The invitation will commence on February 15 and close on April 6.
Office investment volume balloons 408% to $53b in Q4
Total spending by Mainland investors hit $24.9b as they aggresively snapped up office deals.
Check out this hot business district that can potentially overturn Central
An office from this area houses Facebook amongst its other blockbuster tenants.
Mega industrial transactions hit $8.02b in Q4
Investors are pitching in as the government eyes an industrial revitalisation scheme.
Acquisition of Central skyscraper may post the largest property loan at $33b since 2015
A Chinese-led consortium is seeking to acquire billionaire Li Ka-shing’s The Center.
Number of building sale and purchase agreements hits 7,223 in January
The total consideration reached $68.5b.
Which sector dominated the year-end capital market?
The biggest deal from this sector was valued at $40.3b.
Agile's property management unit plans $4.7b Hong Kong IPO
Shares of A-Living Services Co Ltd will be priced at $10.80 to $14.20 apiece.
Prime office rents in Admiralty up 10.9% in December
Rents cost $112.1 psf beating Central to post the largest annual change in office submarkets.
Buildings Department approved 20 building plans in November
New buildings were valued at $1.4b in November.
Vacancy rate for Grade-A offices up to 5.1% in December
However, vacancy tightened in highly-sought after Central and Hong Kong East.
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