Commercial Property
CK Asset earnings drop 24% amidst low property development bookings
CK Asset earnings drop 24% amidst low property development bookings
However, the company still showed a promising outlook, according to S&P Global
Hotel in Chiang Mai up for sale
The property is available for sale via expression of interest.
Auction for 3 floors of Harbourfront Landmark scrapped
Instead, the landlord has opted for a private treaty sale.
Causeway Bay mixed-used property up for auction
It has a reserve price of $2.43b.
AEC Group and CRREM partner to fast-track net-zero transition in Asia Pacific real estate
The two forged a partnership to champion the Net Zero Real Estate Pioneers initiative in Asia Pacific.
Henderson Land Development’s profit rises to $9.26b in 2023
The proposed final dividend will be distributed to shareholders on 21 June 2024.
Wing Tai posts $812.4m net loss in FY2023
Dividend per share for the period was $0.08.
Hong Kong’s Buildings Department approves 20 building plans in January
The department has also issued 20 occupation permits across different locations.
CBRE leads Hong Kong’s commercial real estate sector in 2023
CBRE was also the global lead for the 13th consecutive time last year.
JLL sets opening bid prices for 3 commercial floors at Harbourfront Landmark
Bidding starts at $163m and $487m for the 3/F and 5/F & 6/F, respectively.
Grade A building prices to fall 10% in 2024: Savills HK
High interest rates are deterring investors.
Hongkong Land trims its debt by 7% in 2023
S&P Global expects HKL’s luxury retail segment to drive growth in 2024.
CRE investors bullish on Singapore and Hong Kong retail revival
Wealthy investors from Europe and Taiwan are showing interest in investing in Singapore.
Hong Kong property transactions down 3.7% in February: report
But value rose more than threefold, partly thanks to a sale of a shopping mall.
Yuen Long Town Lot No. 545 up for sale via tender
The tender starts on 15 March 2024 and ends on 28 June 2024.
Hongkong Land sees challenges in HK office, resilient retail: report
HK office reversion is expected to remain negative into 2024 whilst retail sees ongoing demand.
New malls to boost MTR Corp’s revenue in 2024
Transpo operations are also expected to make stronger earnings contributions this year.
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