Asia real estate and outbound investment news
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>>
New World Development’s K11 division has won an occupancy permit for its latest Hong Kong office project, kicking off formal leasing activity for K11 Atelier King’s Road, according to an announcement by the company late last week.
The 22-storey office… Read More>>
Hundreds of thousands of people may be marching in Hong Kong’s streets and the famously expensive housing market has started looking shaky, but international financiers are still leasing pricey offices in Central, so at least its business as usual in… Read More>>
GorillaSpace has raised seed investment led by Tokyo-listed real estate developer Mitsubishi Estate Company (MEC), according to an announcement by the Singapore-based start-up, which did not specify the amount of funding it would receive.
“GorillaSpace represents a fresh and exciting… Read More>>
Global banking heavyweights such as JP Morgan and Citibank have been fleeing Hong Kong’s Central district for more affordable locations, but the city’s top social spot for finance executives is staying in the commercial hub, even as it nearly triples… Read More>>
Hong Kong’s FTLife Insurance is preparing to sign a lease for four office floors in Kowloon East, according to a local media account on 13 May, as the former industrial area continues to lure major corporate tenants away from traditional… Read More>>
With central banks growing more cautious on liquidity and political controversies making executives tread lightly, Hong Kong’s office market has been quiet so far this year. At until last week, when a mainland finance firm reportedly leased an office in… Read More>>
Investment in Hong Kong’s commercial real estate market dipped 27 percent in 2018, compared to the previous year, reaching a 12 month total of HK$126 billion ($16 billion) despite a furious start to the year, according to a recent report by… Read More>>
Despite a slowdown in the Hong Kong commercial real estate market, office rents in the Asian financial hub rose to record levels in the fourth quarter, reaching an average of HK$146 ($18.62) per square foot per month on a net… Read More>>
Hong Kong’s commercial centre of gravity may have just shifted a few MTR stops eastward as Swire Properties announced today that its latest office tower in Quarry Bay, One Taikoo Place, has now reached 100 percent occupancy.
Swire revealed that… Read More>>
