Hong Kong office rents are expected to increase by no more than five percent in 2019, despite record-low vacancies in prime commercial districts, as occupier demand slows after years of competition for space in the regional finance hub, according to… Read More>>
We’re No. 1! Hong Kong Again Tops Global List of Prime Office Rents
Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>
Goldin Group Wins Latest Project in Hong Kong’s Kai Tak for HK$8.9B
Hong Kong’s Lands Department on Wednesday announced that a residential site on what was once the runway of the city’s Kai Tak Airport has been awarded to Hong Kong financial conglomerate Goldin Group for HK$8.9 billion ($1.14 billion).
The 9,708… Read More>>
Henderson, New World, Wheelock and Empire Win Kai Tak Site for HK$8.33B
A four company consortium featuring some of Hong Kong’s biggest developers was announced as the winner of a government tender for a residential site in the city’s Kai Tak area today, picking up the prime plot at what could be… Read More>>
WeWork Opens in Kowloon East With Plans for 18 HK Centres
WeWork is planning to triple its number of locations in Hong Kong to at least 18 within the next two years, Alan Ai, general manager of WeWork Greater China, said at the opening ceremony of the flexible office provider’s first… Read More>>
HK-Listed Affiliate of Qingjian Group Buys Kowloon Site for HK$530M
The mainland parent of one of Singapore’s largest real estate developers will soon start work on its first Hong Kong housing project, after CNQC International paid HK$530 million ($67.7 million) for a Kowloon East site.
Hong Kong-listed CNQC International, which operates… Read More>>
Phoenix Buys Three HK Shopping Centres From Wheelock for HK$3.38B
Blue chip Hong Kong developer Wheelock and Co has sold a trio of retail properties in the city’s Tseung Kwan O area to private equity fund manager Phoenix Property Investors for HK$3.38 billion ($432 million), according to an announcement issued… Read More>>
Cigna Flees HK Island Office Rents With Move to Mapletree Kowloon Project
Cigna Worldwide Life Insurance has become the latest multinational to flee the rising costs of Hong Kong island office space for Kowloon’s more budget-friendly shores, according to local media reports.
The US-based insurer is set to become neighbours with HSBC… Read More>>
Mapletree Bay Point Get HK$9B Bid from Mainland Investment Group Zhongrong
Singapore’s Mapletree Investments has reportedly received a HK$9 billion offer from mainland China-based Zhongrong Holdings Group for its Mapletree Bay Point office building in Hong Kong’s Kowloon East area, according to market sources familiar with the negotiations who spoke with… Read More>>
Spaces Opens Kowloon East Centre as Second New HK Venue in 30 Days
The race to open new co-working centres in Hong Kong reached another milestone last week when IWG-owned Spaces debuted its second new venue in the city within the last month.
The 37,500 square foot (3,483 square metre) Spaces Wai Yip… Read More>>
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