Commercial Property
Evergrande halts trading after chairman falls under investigation
Hui Ka Yan is under investigation over suspected “illegal crimes.”
Nan Fung Group's AIRSIDE mall in Kai Tak opens
The new shopping mall spans 700,000 sq. ft.
CBRE secures lease for 17,000 sq. ft. with Edrington
CBRE said it strategically capitalised on the market conditions.
Retail investment momentum picks up in August
The improvement was most noticeable in Causeway Bay where a building was sold for $300m.
Rate of office vacancy stables in August after four-month high
Rents will remain under pressure amidst low demand and high supply.
Evergrande Group postpones offshore debt restructuring
As a result, it also called off the meeting linked to the proposed restructuring.
Kai Chiu Road, Haiphong Road emerge as retailers most favoured shopping streets
Retail rents in Haiphong Road are now only 40% lower than pre-pandemic levels.
Five industrial buildings on sale for $1.4b: CBRE
Properties are planned to be developed into elderly homes.
Properties in Quarry Bay sold via public auction
The properties are located on Pan Hoi Street and King’s Road.
HK investors favour retail properties
There were more larger sum of transactions generated in August 2023.
Property market slump boosts occupiers’ and home buyers’ bargaining power
Real estate agents said tenants ask for up to 30% discount when renewing office leases.
ESG compliant workspaces fuel talent attraction
A Colliers expert tells occupiers to put ESG at the forefront when assessing location strategies.
Hong Kong’s flex desk rates highest in APAC
Experts predict rates in the city to increase by 3% in 2023.
Opportunities abound in Hong Kong key real estate sectors
CBRE’s Frederick Lai points investors in the right direction amid Hong Kong’s evolving real estate landscape.
Retail vs. commercial vs. industrial: Which property sector performed best in August?
Collectively, the three sectors recorded 351 transactions.
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