The migration away from the world’s priciest office location continues with one of Hong Kong’s biggest office deals so far in 2020 taking a major tenant away from its current home in the city’s Central district.
The Hong Kong Mortgage… Read More>>
Asia real estate and outbound investment news
The migration away from the world’s priciest office location continues with one of Hong Kong’s biggest office deals so far in 2020 taking a major tenant away from its current home in the city’s Central district.
The Hong Kong Mortgage… Read More>>
COVID-19 has transformed economic and public health expectations, with real estate markets, including the office sector, having been disrupted this year along with most other aspects of life.
With many companies forced to adopt remote working approaches in the short… Read More>>
The amount of office space leased in Hong Kong contracted for the twelfth straight month in July as a combination of economic uncertainty, public health emergencies and political tension kept tenants on the sidelines of the world’s most expensive real… Read More>>
Hong Kong retains its crown as Asia’s most expensive commercial real estate market even after the Covid-19 pandemic saw the city record the region’s steepest decline in prime rents over the first six months of the year, London-based real estate… Read More>>
Despite more space being leased in recent months, Grade A office rents in Shanghai continued their downward slide in the second quarter of 2020, according to recent reports by property agencies covering the city.
Following a lockdown that kept most… Read More>>
Just two years into a four-year lease, online travel giant Expedia is said to be surrendering its 25,000 square foot (2,322 square metre) office in The Center in Hong Kong, after the company in February announced layoffs of 3,000 staff… Read More>>
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>>