Commercial Property
IT firms most likely to pursue office expansion in the next two years
IT firms most likely to pursue office expansion in the next two years
More than half (56%) of IT firms plan to expand.
Country Garden widens loss to RMB48.9b in 1H23
The property sector’s shrinkage has exerted mounting pressure on the developer’s operations.
Hong Kong’s most notable real estate agents under 40
Majority of agents in the list are experts on the office market.
Trial plan allows developers to transfer GFA between sites
The Town Planning Board (TPB) has recently introduced the Plot Ratio Transfer Pilot Scheme, a new planning tool to promote urban regeneration which...
Hong Kong’s shifting office trends embrace flexibility and collaboration
As the office leasing dynamics evolve in Hong Kong, ESG considerations also influence tenant choices, say Colliers experts.
Golden Wheel Plaza up for sale via public tender
The tender for the 25-storey building will end on 31 October at 12 noon.
Country Garden to issue 350.6 million shares to pay off loans
The property developer priced their shares at $0.77 apiece.
KONNECT at 303 Jaffe Road up for sale via expression of interest
Current average rent in the building is around $40 per square foot.
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%.
Diversification to shape real estate investments in 2024
An expert said capital will cascade into “alternative” sectors next year.
Basket of properties in Pan Hoi Street and King’s Road up for auction
The reserve price for the basket of properties is $6.31b.
China Evergrande cuts losses to RMB39.2b in 1H23
The group has implemented several schemes to improve liquidity.
IWG’s ‘manless’ co-working centre opens doors in Hong Kong
The flexible workspace brand was previously available only in Japan.
Whole 29th floor of office building at Queen’s Road Central is on sale for $514m
The 13,769-square-foot property will be sold on “as-is” basis with vacant possession.
En-bloc commercial building on Nathan Street up for sale
The 16-storey building currently has a 100% occupancy.
Property sales drop 7.3% MoM in July
Year-on-year sales fell by 11.4%.
Hongkong Land records $333m loss in 1H23
The company attributed the loss to a decrease in the rents of its HK office portfolio.
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