Mainland private equity investor Hony Capital has leased out an upper level unit in Hong Kong’s Two International Finance Centre for HK$130 ($17) per square foot per month – a 35 percent discount on what an equivalent space in the… Read More>>
Take-up of office space in Singapore has contracted for the first time since March 2017, according to government figures released on Friday.
Absorption of office space across Southeast Asia’s wealthiest city fell by 75,347 square feet (7,000 square metres) during… Read More>>
Adding illness to injury, the coronavirus outbreak has brought vacancy in the world’s most expensive office location to its highest level in over five years, according to a report this week from JLL.
The property consultancy said that vacancy rates… Read More>>
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>>
Grade A office rents in Hong Kong’s traditional business district experienced their largest quarterly drop in seven years according to a newly released report, as a slowing mainland China economy and ongoing protests dampened demand in the world’s priciest commercial… Read More>>
Hong Kong’s world-leading office rents continue to encourage multinationals to migrate to the city’s emerging business districts with engineering and consumer products powerhouse 3M said to be the latest global firm to flee Hong Kong Island for newer buildings with… Read More>>
Hong Kong’s office market may be mired in a slowdown, but one of mainland China’s biggest telecom providers is committing to more space in the city as it gets ready expand its 5G mobile service.
Telecom giant China Mobile has… Read More>>
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>>
Despite daily protests that have brought real estate activity to new lows in Hong Kong, co-working operator WeWork has continued to take up more space in the world’s most expensive office market.
The New York-based shared space specialist is said… Read More>>
Shared office giant WeWork is taking over Singapore’s HSBC building after the bank moves out early next year, according to an announcement by the office tower’s landlord today.
WeWork is set to gain occupancy of the 200,470 square foot (18,624… Read More>>