Commercial Property
Retail landlords becoming more flexible in rental terms
Retail landlords becoming more flexible in rental terms
They fear having empty shops for extended periods.
Applications for compulsory sale surge 80% in the first eight months
15% of private residential stock are expected to be the acquisition target of developers.
Swire Properties' net rental income inched up 2.9% to HK$4.6b
Thanks to soaring occupancy rates in office and retail portfolio.
New lettings in Central dropped by a whopping 75% in July
17,300 sq ft of space was withdrawn.
Kowloon office rents to face downward pressure for the rest of 2017
The market is expected to slow down towards the year end.
Hong Kong Island to provide more options for relocation from Central
But Chinese firms will remain the key demand drivers for offices in Central.
Kowloon office rents to face downward pressure until end-2017
More leasing transactions will be concluded after the summer.
Cheung Sha Wan business site sold at $2.97b
Bonson Holdings bought the area.
Wharf Holdings' core net profit up 22% to $7.2b
Driven largely by strong contributions from the property segment.
It's boom time for coworking spaces in Hong Kong
Coworking market almost doubled in size in the past two years.
Hong Kong investors shelled out US$4.9b for cross-border assets
They're the second biggest spenders in Asia.
64% of MNCs mull over using co-working spaces
Potential cost savings pushed them to rethink their working spaces.
Demand for co-working office space in Hong Kong on the rise
Larger companies are maximising the flexibility of these spaces.
Hong Kong's skyscrapers are the costliest in the world
Costs have reached US$8,000 psf.
Land sale proceeds from government tenders hit over $100b in 1H17
It's the highest half year proceeds on record.
Investment market sentiment underpinned by impressive land sale results
Over $50b worth of commercial property assets was transacted.
Hong Kong is still the world's priciest office market
London and New York comes after.
Read Here
Advertise
Sign Up
