Commercial Property
Citi splurges $5.43b on One Bay East - East Tower
Citi splurges $5.43b on One Bay East - East Tower
Beating a previous largest en-bloc office transaction record.
Buyers' clamour for brand new Grade A office buildings spark demand in non-core areas
Kowloon Bay could be in for a demand surprise.
Hong Kong again hailed as Asia’s most expensive office market
It’s the only Asian location to exceed $200 per sq. ft. per year.
Lantau development strategy under way
Proposals were being explored.
CCL dropped 4.4% since March
Luxury property prices continue to ease.
Industrial market sales decline by 79% yoy
But there were also large transactions.
Warehouse rents rise by unremarkable 2.8% in Q1
Growth was seen in peripheral areas.
Cheung Kong City Point units estimated at HK$10,236psf
Pricing for first 350 units was released.
Link REIT accepts HKD1.24bn in bids for 4 malls
It will boost REIT’s liquidity.
Wharf Holdings outperforms HK retail growth of 4.2%
It eyes double-digit growth for 2014.
Prosperity Place rentals reach 19.7%
It’s higher than current rental revisions.
Champion REIT vacancy to reach 20% this year
A lower number is targeted for 2015.
Hong Kong Land Central office vacancy rose to 6.2%
But retail portfolio remained fully let.
Land premium hits HK$1.72 bn in Q1
Private land use modifications also declined.
HongKong Land stock plummets by 15%
Weak Central rents are to blame.
23,000 units await building plan approval in Hong Kong
It might take 2.5-3 years.
HK real estate investment pushed to $21.17b in 2013
High transaction volumes also expected in 2014.
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