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  • April 19, 2014
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  1. Property - Hong Kong & China - COMMERCIAL

    Spring Reit says its office towers outclass Cheung Kong affiliate Hui Xian’s

    Posted Mar 25th 2014, 02:10pm by Peggy Sito

    ... with a gross floor area of 120,245 square metres, plus 600 car parking spaces. China Central Plaza is a mixed-use commercial property comprising offices, a hotel, residential space and a popular ... Peggy Sito peggy.sito@scmp.com Sprint Reit touts premium offices The manager of Hong Kong- listed Spring Real Estate Investment Trust says the premium quality of its property portfolio ...

  2. Property - Hong Kong & China - COMMERCIAL

    Wheelock to sell second tower at One Bay East in Kwun Tong

    Posted Mar 11th 2014, 02:56pm by Peggy Sito

    ... for second Wheelock tower Following last year's HK$4.5 billion sale of an office tower in Kwun Tong, Wheelock Properties will soon dispose of the second building in the twin-tower development. ... refused to give details but hinted that the sale would be clinched in the coming months. Located in Hoi Bun Road, One Bay East is a grade-A office development by Wheelock Properties, a wholly ...

  3. Property - Hong Kong & China - COMMERCIAL

    Flood of new supply to hit Suzhou’s office market

    Posted Mar 18th 2014, 01:56pm by SANDY LI AND LANGI CHIANG

    ... The outlook for the office market in Suzhou in Jiangsu province- the first city to impose austerity measures to cool the overheated commercial property sector- is bleak, as new supply will reach a record high this year and next, analysts say. Frank Chen, executive director for China at property consultancy CBRE, said the overall office vacancy rate in Suzhou was 20 per cent, ...

  4. Property - International - COMMERCIAL

    Chinese institutional investors are Asia's biggest spenders on overseas commercial property

    Posted Sep 04th 2013, 12:00am by Peggy Sito

    ... in commercial properties only and does not include the residential, hospitality and industrial sectors. It also excludes investments in home markets. Andrew Ness, head of research at property consultant ... Peggy Sito peggy.sito@scmp.com Mainland money put heavily into property overseas as prospects at home weaken and the value of the yuan appreciates Big Chinese investors set pace for Asia ...

  5. Property - Hong Kong & China - COMMERCIAL

    Hong Kong still second most expensive city for office space

    Posted Feb 26th 2014, 05:24am by Sandy Li

    ... Sandy Li sandy.li@scmp.com HK still second most expensive for offices Hong Kong remained the world's second most expensive place to lease an office after London's West End last year, as Central rents dropped due to weak demand from financial tenants. A study by property consultancy DTZ found annual grade-A office occupancy costs in Hong Kong dropped 2.6 per cent ...

  6. Property - Hong Kong & China - COMMERCIAL

    Analysts predict upbeat year for office space

    Posted Jan 23rd 2013, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com As government focuses cooling measures on residential properties, office space will sustain upbeat records of sales and rent levels Office space a ripe choice for investors Limited policy risks and a shortage of supply will ensure sustained investment activity in Hong Kong commercial property, agents say. And capitalising on the strong ...

  7. Property - Hong Kong & China - COMMERCIAL

    Shimao Property pays a lower price for commercial site in Qianhai

    Posted Nov 28th 2013, 04:16am by Sandy Li

    ... Sandy Li sandy.li@scmp.com The developer wins large commercial plot sold in economic zone with 2.43 billion yuan bid, below per metre price of previous auction Shimao pays less at Qianhai office site Shimao Property Holding won a large commercial office development site in Qianhai for 2.43 billion yuan (HK$3.07 billion) at a government auction yesterday, about 25 per cent below ...

  8. Property - Hong Kong & China - COMMERCIAL

    Weak office market in Central expected to pick up on IPO rebound

    Posted Feb 05th 2014, 09:35am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Rents and leasing activity are likely to pick up by 2015 in tandem with IPOs, consultants say Office market in Central expected to remain weak The office market in Central district in Hong Kong will remain weak in the first half of this year, property consultants say, but rents and activity are expected to pick up by next year as more initial ...

  9. Property - Hong Kong & China - COMMERCIAL

    Shui On Land to convert Shanghai hotel into flagship retail store

    Posted Apr 24th 2013, 12:00am by Sandy Li

    ... The conversion of a luxury boutique hotel in a historical district of Shanghai into a multi-storey flagship retail outlet will be the first project to be tackled by China Xintiandi, a commercial property ... on Huaihai Middle Road. It is part of the 52-hectare retail-commercial-residential Taipingqiao redevelopment, and half of the whole urban renewal project has been completed. Retail rents in the area ...

  10. Property - Hong Kong & China - COMMERCIAL

    Fund targets IT firms as tenants for renovated block in Kwun Tong

    Posted Dec 11th 2013, 03:47am by Peggy Sito

    ... that could be converted to other uses is approximately 5.7 million sq ft, according to an August report by property consultant CBRE. Of this, 4.7 million sq ft could be converted to office space, ... to range from HK$1,300 to HK$1,500 per sq ft. "In our experience, we will get higher rents or a greater premium for resale after upgrading the property. In this building, we aim to attract ...




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