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  • September 16, 2014
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  1. Two IFC secures office rental deal at record HK$150 psf

    Posted Feb 13th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu Two International Financial Centre, the tallest building in Hong Kong and partly owned by Sun Hung Kai Properties, has granted an office rental lease to a global financial firm ... Kong,' said Mark Bernard, an executive director of Knight Frank. 'I expect grade A office rentals in core business areas will rise 15 to 20 per cent this year. Office rents will hit HK$180 ...

  2. Rental sector is on the road to recovery

    Posted Sep 25th 2009, 12:00am by Alex Frew Mcmillan

    ... But Hong Kong is still one of the five most expensive cities in the world when priced per sq ft per year, according to a report from CB Richard Ellis, with Central District at US$150.42. ... now and 2013. But Hong Kong has little new supply. In a study by Colliers, Hong Kong ranks as having the most expensive office space in the world, in terms of occupancy cost. According ...

  3. Rental cost the main consideration when deciding where to locate

    Posted Mar 21st 2007, 12:00am by Tim Metcalfe

    ... real estate consultancy. In Quarry Bay, rents are closer to HK$25 per square foot, while North Point, Wan Chai and Causeway Bay are significantly less expensive. 'This is something ... said. Firms should also beware of the volatility of the rental market. 'The layman has to understand that Hong Kong is a highly volatile market and firms can get caught out ...

  4. Causeway Bay move cuts rental costs for KPMG

    Posted Jun 14th 2011, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com KPMG is to relocate part of its offices to Causeway Bay, joining a growing number of companies choosing to be less Central and more cost-conscious. Other big-ticket names to have fled Central recently as rents rose fast are ...

  5. A-grade HK office rents up 20pc this year, DTZ predicts

    Posted Jan 12th 2011, 12:00am by Sandy Li

    ... Sandy Li Rentals for grade A office space in Central and Admiralty may rise as much as 20 per cent this year due to the buoyant market outlook and strong business demand, property ... will continue to be buoyant in 2011,' the report says. Central and Admiralty remain the most expensive office locations, with monthly net rent of HK$105 per square foot in the fourth quarter, while ...

  6. Top office space sees rents jump in third quarter

    Posted Oct 06th 2010, 12:00am by Peggy Sito

    ... according to international property consultant DTZ. The five most expensive buildings in Central and Admiralty in terms of rent, including IFC One and Two and the Cheung Kong Center, showed ... the demand for office space in the district,' said To. The rise in rentals was generated by a big increase in space taken up in new lease agreements - up 118.58 per cent for the quarter from ...

  7. Sky-high rentals make Central a tight squeeze

    Posted Oct 31st 2007, 12:00am by Kenneth Ko

    ... resulted in some tenants relocating out of the core Central area to reduce exposure to high rental costs.' He said some companies were not only relocating out of Central but also from other ...

  8. HK Club lands rental windfall

    Posted Aug 09th 2006, 12:00am by Enoch Yiu, Peggy Sito

    ... will be back in the club's hands when current owner Hongkong Land leaves in about three years due to an historical agreement- giving the club HK$100 million a year in rental income. Hong Kong Club ... for all the costs and it was able to recover it from the rentals,' said James Blake, a former chairman of the club. Under the agreement, rental incomes from the office tower were ...

  9. Hongkong Land rental income up on sparse supply

    Posted Mar 23rd 2006, 12:00am by Staff Reporter

    ... Foster Wong Core office portfolio fetches rent near 12-year high on back of steady economy The good times continue to roll for landlords with Hongkong Land Holdings reporting that its office rentals are at their highest since the boom of 1994. The biggest landlord in Central said yesterday the highest monthly rent in its portfolio of five million square feet had exceeded $100 ...

  10. Election Committee polls prove to be an expensive farce

    Posted Dec 12th 2006, 12:00am by Staff Reporter

    ... As a permanent Hong Kong resident for more than 40 years, I did my duty on Sunday by going to the Stanley voting station armed with Education Subsector Form SE1, a poll card and my ID card. There were 31 candidates for 20 places in the subsector. Upon exa ...




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