Commercial Property
Eyes on the east for Tung Chung expansion
Following changes in government’s land reclamation plan.
Developers bag two land sites for HK$4.4bn
One site was awarded at HK$3.94bn.
Government eyes re-tendering in Pak Shek Kok site
After withdrawal in March 2014.
Transaction volumes in industrial sector to finally resurrect in 2H14
Thanks to en-bloc deals.
Extremely low vacancy rate shooed local warehouse operators away
While warehouses in the New Territories attracted.
Major transactions boost industrial sales market big-time in 2Q14
Values doubled q-o-q despite decrease in volumes.
Visible trade to gain steam up to the next 18 months
12.7% growth in 2015 highly likely.
Retail rents edged higher in 2Q14 due to tight vacancies in big-time shopping hub
Leasing negotiations were also observably more measured.
Net take-up in office market slows to 15,500 sq ft in 2Q14
Demand for Grade A space was lacking.
Rentals in Kowloon East office submarket declines in 2Q14
Effectively altering 1Q14 gains.
Swire Properties Hong Kong office occupancy rose to 97% in 2Q 2014
It’s a slight increase from end-2013.
Strata-titled industrial sales hit $4.7b in 2Q14
Vendors had a change of heart.
These districts get the most bang for their buck as demand for industrial space persists
Clue: 3 districts are lucky.
No abate in sight for industrial premises demand: Colliers International
Despite a mild increase in total exports.
No chance of Grade A office yields compressing further
In line with search for opportunistic returns.
One Bay East-East tower snags biggest transaction price in Hong Kong
It was acquired for a whopping $5.4b.
Office rents in Kowloon East softened by 3% in 2Q14
Upcoming new supply tagged as the driver.
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