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>>
PAG Joins Firms Leaving Hong Kong’s Central for Cheaper Pastures
Ever-climbing office rents in Hong Kong’s Central district have prompted yet another finance company to change business locales, with private equity firm PAG signing a deal with Swire Properties to lease two floors in Three Pacific Place in Admiralty.
The… Read More>>
Swire Reaches 100% Occupancy at One Taikoo Place in Hong Kong
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>>
Gaw Capital Takes 49% Stake in $1.9B Buyout of Swire’s Cityplaza
Half a month after Gaw Capital was first reported to be teaming up with Chinese investor Chen Changwei in an effort by the tycoon’s Hengli Group to purchase a pair of Hong Kong office towers, the private equity firm is… Read More>>
HK Market Watchdog Said Leasing 10 Floors in Swire’s Taikoo Place
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>>
Swire Properties Wins Approval for Residential Project in Eastern Hong Kong
Hong Kong-listed Swire Properties has teamed up with China Motor Bus Company to redevelop a former bus depot in eastern Hong Kong into a large combined residential and commercial space, according to a Swire representative who spoke with Mingtiandi.
The… Read More>>
Rykadan Capital Forces Compulsory Sale of HK$315M Wanchai Property
Hong Kong-listed Rykadan Capital has taken a major step towards developing a 30-storey commercial tower in the city’s Wanchai district after buying up nearly 90 percent of an aging building on Jaffe Road two MTR stations east of Central.
The… Read More>>
Shu Qi Sells $2.2M Hong Kong Home at a Loss and More Asia Real Estate Headlines
Movie star Shu Qi is a familiar face representing products from shampoo to long underwear in China, now the actress may become a symbol of Hong Kong’s sliding housing market as news of her loss-making home sale leads today’s headline… Read More>>
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office in the city’s traditional business centre of Admiralty and move to One Taikoo Place in Quarry Bay next year.
The Chicago-based… Read More>>
Sunac Focuses on Core Business After LeShi Debacle and More Asia Real Estate Headlines
Developer half-year financial results continue to dominate the headlines today, as both Sunac China and Hong Kong’s Sino Land report in with big jumps in profit driven by strong sales in the first six months of 2018. Down in Singapore… Read More>>
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