Commercial Property
Grade-A office vacancies in CBD hit 3.4% in 2019
Office decentralisation efforts prompted it to hit its highest level in five years.
Grade-A office vacancies in CBD hit 3.4% in 2019
Office decentralisation efforts prompted it to hit its highest level in five years.
Industrial property transaction volumes surged 150% in Q4 2019
Rising redevelopment interest has countered the impact of social unrest.
Office rents down 1.5% in Q4 2019
Wanchai/Causeway Bay recorded the largest rental decline.
Commercial property investment volume hits decade-low to $46.93b in 2019
The number of transactions higher than $100m reached only 30% of the five-year average in Q4.
Causeway Bay retail rents slipped 13.9% in 2019
Some international retailers closed their shops amidst unrest.
Office space withdrawal hits 17-year low in Q4
About 378,000 sqft of office space was affected by withdrawals.
Property deals down 5.5% to 74,804 units in 2019
December deals crashed 41.7% to 3,908.
Government earmarks $2.4b to revamp four historic buildings
It has opened proposals for revitalisation to organisations.
Premium Central office rents slipped 11% from June to October
Retail firms posted more lease disposition cases as many cut costs.
Office rental growth hits decade-low in October
Rents have dropped 1.6% MoM to $74.3 per sqft.
Property investments down 32% to $3.67b in Q3
This is the fifth-straight quarter of decline.
Portion of Kai Tak runway sold for $15.95b
The amount was slashed by up to 20% from the top price range.
Singapore's CapitaLand sells Citadines Mercer Hong Kong for $581.1m
The property has an agreed value of $129.4m.
Hong Kong is the 7th costliest office fit-out market in APAC
Soaring AV/IT costs add to the expensive builders’ works.
EY's Hong Kong wavespace focuses on unlocking blockchain's potential
The company aims to use the space to help its clients achieve digital maturity.
IWG deepens Hong Kong footprint in sleek Hennessy Road space
Spanning 22,700 sqft, the workspace offers 60 private offices and 270 workstations.
Long-term land investments gain ground amidst rising political action
Developers are looking to invest more in agricultural lands.
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