Hongkong Land office vacancy up 3.9% in November

It increased from 3.1% in June.

Nomura cited Hongkong Land’s Interim Management Statement, where it stated that vacancy in its Central office portfolio rose from 3.1% at end-June 2012 to 3.9% at the beginning of November.

Here's more from Nomura:

Its retail portfolio continued to enjoy full occupancy. Rental reversions have been generally positive.

In Singapore, its portfolio is fully let with the exception of the third tower of MBFC, which is 76% let. On the development front, in Hong Kong, it has sold three more units of The Sail and five units at the Serenade.

In Singapore, the Parvis was completed and D’Mira is also expected to be completed before year end. As a result of higher completion in HK and SG, HK Land’s residential profit should be higher than management anticipated at the start of the year. (Source: HK Land Interim Management Statement, 7 November 2012)