PUBLISHED : Wednesday, 08 June, 2011, 12:00am
UPDATED : Wednesday, 08 June, 2011, 12:00am


Office rents skyrocket in central business district

Rents of Grade A offices in Hong Kong's core business district have risen to unprecedented levels of nearly HK$200 per sq ft, and the situation looks unlikely to change anytime soon. A report by Savills Research and Consultancy Services says Grade A rents in Central and Tsim Sha Tsui rose from September by 25 per cent and 13 per cent, respectively, amid tight availability. Areas such as Island East and Kowloon East are likely to benefit as more businesses relocate. Peggy Sito

Sale of luxury homes in Aberdeen set for launch

Sales at a luxury residential project in Aberdeen will be launched in the third or fourth quarter. Marinella, on Welfare Road, omprises 411 flats and 11 houses. Completion is scheduled for the end of next year. K.Wah International teamed up with Sino Land and Nan Fung Development to acquire the site for HK$5.71 billion in 2007. Yvonne Liu