TOPIC

Office rental

Virtus Medical Tower, a 15-storey building in Central, is on sale. Photo: Jonathan Wong

Hong Kong landlords head for the exit when the going is good

Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.

As Hong Kong and Singapore age, health businesses loom larger in property market

Hongkong Land seeks US$10 billion from asset reshuffle, eyes high-end market

Hong Kong’s office market to trail recovery in residential, retail properties

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

videocam
Hong Kong’s office skyline in Central in February 2024. Photo: Sun Yeung

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

videocam

Rising bad debts on Hong Kong commercial property ‘a concern’: HKMA CEO

The increase is ‘not alarming’ as the banking system is robust enough to handle the uptick, according to Eddie Yue.

Advertisement
Advertisement

Hong Kong landlords set to worsen office glut as fresh supply hobbles recovery

Some 3 million square feet of supply will hit the market next year, likely delaying any recovery in office rentals, analysts say.

videocam
5
Offices in Central business district in Hong Kong. Photo: Dickson Lee

Christie’s unveils lavish new Asia HQ at Hong Kong’s The Henderson

The new venue, which spans 4 floors in The Henderson and will hold first sales on September 26, signals a commitment to ‘prestige’ and Hong Kong.

Exclusive | Henderson’s trophy tower to host galas, mega events in Hong Kong

The Henderson, a 36-storey office building in Central, will host some of the biggest events this year at its 6,800-sq ft rooftop ballroom.

Shanghai landlords throw in free desks, chairs to lease empty offices

‘Rental fees are going down, and competition is getting fiercer,’ as landlords fight to sustain occupancy rates, CBRE researcher says.

A photo taken on June 5, 2024 shows the Lujiazui financial district. The vacancy rate for premium office buildings in Shanghai is expected to top 24 per cent in the second half of 2024. Photo: AFP

Snack food producer Four Seas snaps up Kowloon office space amid bargains

Hong Kong’s depressed property prices are tempting buyers. Four Seas returns to the market after selling its office and warehouse in 2017, suggesting the slump may be ending.

videocam
The Vision at 41 King Yip Street in Kwun Tong, Kowloon. Photo: Goggle Map.

Hong Kong politics and high costs hit overseas business confidence: survey

German Chamber of Commerce survey finds problems include wariness at headquarters back home over effects of domestic national security law.

Chinese uber-influencer ‘Crazy Xiaoyangge’ expands to Hong Kong

Three Sheep rents a 5,570 sq ft office for around US$23,000 a month as agents note an uptick in inquiries from mainland-based companies.

Hong Kong office towers put up for sale amid owners’ loan-payment conflict

Gaw Capital and Hengli investments bought the buildings, known as Cityplaza Three and Four, for US$1.9 billion in 2019.

General view of Cityplaza Four (left) and Three in Taikoo Shing. Photo: Edward Wong

State-backed firms are top buyers, new pillar in Beijing’s real estate market

State-backed companies have outgunned other investors in Beijing’s commercial property market, adding to their aggressive purchases in 2022 and 2023, according to Savills.

videocam
Beijing’s commercial buildings, viewed from a platform in a shopping mall in central business district in July 2024. Photo: AFP

Beijing’s office leasing market mired in a downward spiral

‘Office rents in the central business district have declined by 20 to 30 per cent from a year ago because the economy is bad,’ Beijing-based real estate agent says.

videocam

CEOs in Hong Kong turn to hybrid work model to retain talent, boost efficiency

CEOs are turning their attention towards hybrid work environments for their employees, convinced that this approach will help retain talent and boost efficiency.

Advertisement
Advertisement

How the Hong Kong property market is bouncing back in 2024

Investors remain cautious, but government incentives have helped, high-value properties are continuing to find buyers, and the rental market is stable

Investors remain cautious but government incentives have helped the Hong Kong property market , with high-value properties continuing to find buyers and the rental market stable. Photo: SCMP

Gaw Capital’s auction of Hong Kong commercial tower has buyers interested

133 Wai Yip, which was acquired in 2013 for HK$930 million (US$119 million), could fetch as much as HK$1.45 billion, according to Vincorn Consulting’s estimates.

videocam

The View | Why pandemic strengths for Asia’s offices are no longer sustainable

The advantages that carried Asia’s office market through the Covid-19 pandemic are weakening amid a supply boom and shifting priorities.

Shanghai’s weak office market has companies on prowl for lower rents

Large corporate tenants with growing bargaining power are relocating offices to less developed areas as they cut down on rental costs.

Pedestrians on the Bund in front of buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Tuesday, Jan. 9, 2024. Photo: Bloomberg

Hong Kong, mainland China weigh on Asia-Pacific office rents: Knight Frank

Beijing, Shanghai, Hong Kong and Guangzhou had the sharpest declines among 23 cities in the second quarter, consultancy Knight Frank says.

A view of Zhujiang New Town in Guangzhou, in China’s southern Guangdong province, on June 10, 2024. Photo: Eugene Lee

A quarter of Hong Kong companies plan cuts in office space, survey shows

A weak economic recovery and geopolitical uncertainties have had more companies ‘talking about money’ when making rental decisions, according to Colliers.

Demand for net-zero office space to outstrip supply by 2030: JLL

Supply will not satisfy the demand from occupiers aiming for 100 per cent green-certified portfolios by 2030, research says.

videocam

AIA eyes more office buildings in China on rapid growth in insurance business

AIA Group, Asia’s largest insurer, is picking an opportune time to look for office buildings in mainland China to house its operations. A two-year slump in the property market has rendered these assets ‘affordable.’

AIA’s headquarters in Wan Chai, pictured on May 21, 2024. Photo: Xiaomei Chen

Move over, Portugal? Chinese investors have eyes on Dubai homes

Dubai is shaping up to be a new favourite for buyers, thanks to a booming real estate market and fast-track residency scheme, agents say. It handed out 158,000 ‘golden visas’, dwarfing the 13,000 that Portugal has issued since 2012.

8
Residential skyscraper buildings in Dubai in February 2024. Photo: Bloomberg

Exclusive | Head of Dubai prince’s Hong Kong office ‘not authorised to talk’ on his behalf

Post receives statement from Dubai-based head of protocol and security management a day after publishing interview with Eleanor Jane Mak.

19

Exclusive | Dubai prince to return to Hong Kong to inaugurate family office, aide says

Sheikh due to arrive no later than June to attend opening ceremony of private office but name change possible to reduce focus on his ties with ruling family, aide Eleanor Jane Mak says.

7
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Office rental
The latest news, analysis and opinion on Office rental. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement