commercial property
Buildings Department approves 6 building plans
Buildings Department approves 6 building plans
There will be two new building plans in Kowloon and four in New Territories.
Viva Place by Viva Properties opens for lease
The property has a total gross floor area of about 300,000 sq ft.
Commercial property investment volume rises 44% YoY to US$1b in 3Q23
Year-to-date, however, volume fell by 7% YoY to US$5b.
Investors abandon HK's office sector in Q122: report
Office has been overtaken by other core sectors in terms of investment volume.
Fifth wave delays recovery of HK’s commercial property market
Amongst the hardest hit was retail, recording a 6.8% QoQ drop in high street shop rents.
It may take a longer time before things get better for the commercial property market, as the fifth wave slowed down its path to recovery.
Fifth Covid wave to lower residential sales volumes and retail sales: Moody's
Companies are expected to weather out disruptions for up to 6 months.
Office real estate falls to all-time low in 2021: RCA
Office property investment in Hong Kong only brought in $2.3b in 2021.
Commercial property deal volume falls by 38% YoY in Q3
This marks HK’s first contraction after four consecutive quarters of expansion
High-street shops in HK see 'strongest' rental growth since 2013
Rents rose 1.2% quarter-on-quarter in the second quarter of the year.
Which real estate sectors will benefit most from HK’s recovery?
CBRE reported office and retail sectors are likely to be the biggest gainers.
Aoyuan’s contracted sales up 33% to US$10.4b in H1
The gross floor area sold is approximately 5.96 million square metres.
Far East Consortium closes largest hotel deal in London
The Group is estimated to gain £50m in profit.
Why R&D labs in Hong Kong are scarce
The demand for medical office buildings in Hong Kong is high, but hard to get.
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