A growing number of financial institutions have fled rising office rents in Hong Kong’s Central district this year, and now one of the government bodies charged with regulating the city’s financial markets appears to be following the migration of its… Read More>>
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>>
Offshore incorporation specialists Maples and Calder, are giving up the 53rd floor of The Center on Hong Kong’s Queen’s Road, as yet another international company flees the world-leading rents of Hong Kong’s Central district.
The law firm’s new home will… Read More>>
Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay nearly triple Manhattan office leasing rates for a high floor in Exchange Square.
The mainland financial institution… Read More>>
Developers enticed by Shanghai’s burgeoning tech and service sectors are betting that the city needs more offices, with nearly a quarter million square metres of new space being added to the city centre last quarter, according to figures compiled by… Read More>>
Shanghai is set to be Asia Pacific’s largest office market within the next three years, surpassing Hong Kong, Tokyo and Sydney as the Chinese commercial hub’s service sector drives demand for grade A space.
Approximately 1.1 million square metres (11.8… Read More>>
Just two years ago Hong Kong’s students were taking to the streets to protest their lack of electoral choices, but the next round of riots could come from CFOs struggling to pay the city’s world-leading office rents.
Grade A office… Read More>>
WeWork is known for providing a workspace for startups, freelancers and other smaller entities so the company’s GM for Hong Kong, Australia and Korea Henek Lo might have been a little surprised when banking giant HSBC called up to rent… Read More>>
Hong Kong has been grabbing headlines for having the world’s most expensive office space, but its competitor to the north may be catching up quickly, as Shanghai is now seeing the sharpest rates of increase in prime office rentals, according… Read More>>
Singapore’s sovereign wealth fund is investing in Korean warehouses, Yanlord Land partners with Ping An for a RMB 4 billion project in Suzhou and a transplanted Chinese developer takes aim at another central Sydney site. Read on for all these… Read More>>