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>>
Manulife Signs Hong Kong’s Biggest Office Lease Since 2019 in PAG-Owned Tower
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>>
Office Vacancy in Hong Kong’s Central Tops 7% for the First Time Since 2004
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>>
Tenants Flee Hong Kong’s Central District as Office Vacancy Hits 5.6%
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>>
Office Vacancy in Hong Kong’s Central Surges as Cost Concerns Rise
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.
Office Rents in HK’s Central Take Biggest Drop Since Financial Crisis
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>>
Office in Hong Kong’s Bank of America Tower Leased at 30% Discount as Rents Slide
As the Hong Kong office market continues to struggle through street protests and disappearing mainland corporates, an office has been leased in one of Hong Kong’s prime commercial districts at a 30 percent discount from prevailing current market prices, according… Read More>>
Office Vacancy in Hong Kong’s Central District Rises to 3-Year High
Vacancy in Hong Kong’s normally red-hot Central office market, which boasts the most expensive commercial property in the world, rose to a three-year high in July amid increasing economic uncertainty, according to JLL’s latest Property Market Monitor report.
The property… Read More>>
CapitaLand Selling German Office to REIT for €133M and More Asia Real Estate Headlines
A German office building leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a major Singapore developer is selling an asset in a city famous for sausages to its primary commercial REIT for… Read More>>
Fosun Said Making £750M Bid for UK’s Thomas Cook and More Asia Real Estate Headlines
Shares in Fosun’s money losing tourism unit have been on the slide since their Hong Kong IPO in December, and now mainland investment guru Guo Guangchang leads Mingtiandi’s roundup of real estate headlines with the news that he is set… Read More>>
