Commercial Property
Property sales down 11.8% to $66.7b in November
Property sales down 11.8% to $66.7b in November
There were a recorded 7,601 sale and purchase agreements last month.
Kowloon office already 70% leased even before April opening
Rents are $85/sqf monthly but early bird tenants received discounts.
Hong Kong offices still the priciest in the world
They cost $87.86 per square meter.
Property prices to rise next year
Media and tech are the big new tenants.
Rent for Grade-A office properties expected to rise 5-8%
However, limited availability remains an issue.
Hong Kong leads real estate market growth in Asia Pacific
Development site transactions tripled to $134.2b.
Investment in Hong Kong commercial real estate up 27% to US$3.1b in Q3
Year-to-date investment is already 9% higher than in 2016.
New rentals in Central surge 47% in September
There is strong demand from the banking and finance sector.
Kowloon East set to be next CBD: CBRE
10.7 million sqft of Grade A office space has been built in Kowloon East.
Industrial property transactions edge up 12% to $6.1b
Tin Fun Ingustrial Mansion, sold for $1.98b, helped boost figures.
Hong Kong investors are on a buying spree in London's office market
Investments hit $27.80b, eating up a whopping 56% of London office market investments.
Central office rents up 0.2% in August
It was led by a 0.5% m-o-m growth in Grade A2 office rents.
KaiLong buys three Sheung Wan en bloc buildings
They were purchased at HK$1b.
Hong Kong is the sixth most competitive city globally
But it is struggling from competition with other Chinese cities.
Property sales dropped 20.7% to 7,540 deals
Total consideration was $56.6b.
Dwellworks moves into new corporate home in The Hennessy, Wanchai
They transformed the new office into a home-like workspace.
Hong Kong dubbed the world's costliest office market again: CBRE survey
Prime office rents at central hit US$269 psf per year.
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