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Rhodri James

US Brokerage Newmark Braves Real Estate Downturn to Open Hong Kong Office

2022/04/27 by Pawara Laothamatas Leave a Comment

Real estate investments in Hong Kong dropped 46 percent during the first quarter of 2022 but the challenges of falling asset values and sliding rents have not deterred New York-based real estate agency Newmark Group from opening an office in… Read More>>

adrian cheng

New World Selling Upper Floor in Kowloon Building for $49M

2022/02/11 by Pawara Laothamatas Leave a Comment

Hong Kong-listed New World Development is realising some returns from a bet on Hong Kong’s emerging commercial districts, having signed an agreement to sell an upper floor of a grade A office tower in Kowloon’s Cheung Sha Wan area for… Read More>>

Sino Group JV Set to Open Office Project on Hong Kong’s South Side

2022/02/08 by Pawara Laothamatas Leave a Comment

Sino Group is expanding its Hong Kong Island commercial portfolio with the recent launch of leasing for a Grade A office project in the emerging commercial hub of Wong Chuk Hang, according to a statement.

Landmark South, a 256,957 square… Read More>>

damian green manulife

Manulife Puts Name on Third HK Tower After Signing City’s Biggest Lease of 2021

2021/12/13 by Pawara Laothamatas Leave a Comment

Canadian financial services firm Manulife now has a third office tower in Kowloon East bearing its trademarks as PAG’s International Trade Tower has been rebranded under the name of its anchor tenant.

“We are excited to broaden our footprint into… Read More>>

Nick Tang Wang On

Wang On Sells Admiralty Asset for $66M as HK Office Sales Pick Up

2021/10/02 by Pawara Laothamatas Leave a Comment

Wang On Properties has agreed to sell an entire floor at the United Centre for a consideration of HK$515 million ($66.1 million) or HK$29,022 per square foot, following the uptick in Hong Kong’s office market in August, with rents in… Read More>>

damian green manulife

Manulife Signs Hong Kong’s Biggest Office Lease Since 2019 in PAG-Owned Tower

2021/04/08 by Christopher Caillavet Leave a Comment

Canada-based financial services firm Manulife said Wednesday that its Hong Kong operation had signed a lease agreement for 145,000 square feet (13,471 square metres) of office space in Kowloon East, marking the city’s biggest office leasing deal in terms of… Read More>>

JLL Alex Barnes

Office Vacancy in Hong Kong’s Central Tops 7% for the First Time Since 2004

2021/01/26 by Christopher Caillavet Leave a Comment

Hong Kong’s office market continued to slide in December, with the vacancy rate for Grade A space in Central surpassing 7 percent for the first time since 2004, according to JLL.

In its Property Monitor Report released Monday, the real… Read More>>

Hongkong Land Chater House

Tenants Flee Hong Kong’s Central District as Office Vacancy Hits 5.6%

2020/08/13 by Mingtiandi Team Leave a Comment

Hong Kong’s Central district is witnessing a sharp drop in leasing demand, as corporate occupiers and major retail chains shy away from the cost of operating in the world’s most expensive commercial district.

Office leasing rates fell by 2.4 percent… Read More>>

jardine house, ifc central hong kong

Office Vacancy in Hong Kong’s Central Surges as Cost Concerns Rise

2019/12/28 by James Hatton Leave a Comment

With Hong Kong poised to see in the new year with the completion of its seventh month of pro-democracy protests, the city’s prime commercial district now has more empty office space than at any time in the past four years.

… Read More>>

JLL Alex Barnes

Office Rents in HK’s Central Take Biggest Drop Since Financial Crisis

2019/11/23 by James Hatton Leave a Comment

As teargas on Des Voeux Road makes Hong Kong’s pricey office space less attractive to tenants and tighter liquidity on the mainland restrains corporate spending, rents in the Asian financial hub have taken their biggest monthly drop in ten years,… Read More>>

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