• Thu
  • Dec 25, 2014
  • Updated: 5:47pm

Commercial property

Hotel investments in Asia triple in value in 2013

Mainland Chinese tourists are powering the hotel industry in the Maldives. Photo: SCMP

Hotel investments in Asia soared 218 per cent last year from 2012 to US$7.5 billion, defying industry expectations, figures from property firm JLL show. This made 2013 the strongest year since 2007, when the volume of transactions reached US$10.3 billion.

Monday, 17 March, 2014, 5:02pm

Going underground could give shops the space they need to deal with tourism boom

A gold shop in an underground shopping centre, Zhong Min Bai Hui Shopping Mall, at Xiamen train station in Fujian province. Photo: Denise Tsang

Restaurants, shops, theme parks and fast-food chains enjoyed brisk sales as hordes of tourists descended on Hong Kong during the Lunar New Year holiday, but how long can they cope with the escalating influx?

10 Feb 2014 - 10:07am 2 comments

Chamber cries foul over stamp duty rise

The British chamber says the stamp duty rise will hurt the business community and overall competitiveness of Hong Kong. Photo: Bloomberg

The British Chamber of Commerce in Hong Kong said the doubling of stamp duty on the purchase of commercial properties would be harmful to the growth of small and medium-sized enterprises.

4 Jun 2013 - 3:57am

Foreign chambers of commerce hit out at doubling of Hong Kong stamp duty

Manulife paid HK$191 million more to purchase its new tower in Kwun Tong.

Chambers of commerce that represent hundreds of foreign firms in Hong Kong are voicing unhappiness at the recent doubling of stamp duty on commercial property purchases.

31 May 2013 - 10:59am 1 comment

Where location fails, try property management

Horizon Plaza has had success despite its location. Photo: K. Y. Cheng

The premise of the well-worn phrase "location, location, location" in real estate suggests that all other factors pale into insignificance when it comes to the value and desirability of a property. Important, yes, but is it everything?

29 May 2013 - 3:21am

Office market in Perth, Brisbane to slump, bank says

Office rents in Brisbane could fall 6.4 per cent by next year as vacancies rise. Photo: SCMP

Vacancies in Perth's central business district will surge to 17.5 per cent in the next three years from 6.5 per cent now, and in Brisbane will soar by about 10 percentage points to 23 per cent, analysts led by Lou Pirenc wrote in a note this week.

29 May 2013 - 3:21am

High, stable yields in logistics sector draw investors

Grade-A warehouses in good locations in Shanghai carry price tags of 4,500 yuan to over 6,500 yuan per square metre. Photo: Bloomberg

Logistic properties - which include mainly grade-A warehouse facilities - currently offer high and stable rental yields as growing demand is outstripping supply, a Colliers International report says.

22 May 2013 - 3:51am

Shanghai offices nudge Hong Kong prices

Shanghai's office market is drawing plenty of attention from institutional investors at home and abroad. Photo: Bloomberg

An increasing number of foreign real estate funds and state-owned enterprises - the heavy-hitters in the investment property sales market - are channelling their capital into investment properties in Shanghai.

20 May 2013 - 4:18am

Foreign companies lured by growth in Asean office market

Rental growth in Shanghai slowed in the first quarter.

International occupiers have shifted their focus from the mainland to the Asean office markets, lured by better economic growth and lower costs, according to property consultant DTZ.

15 May 2013 - 3:06am

Stamp duty chokes sales of Hong Kong commercial property

One Bay East

Commercial property deals in the city fell sharply over the past three months as short-term investors shied away after the doubling of stamp duty on the purchase of both residential and non-residential properties.

8 May 2013 - 2:36am 3 comments

Prime office prices in Japan start rising after 20-year decline

A view over Kawasaki, in Kanagawa Prefecture, where office space is gaining value. Photo: Bloomberg

Nippon Building Fund, Japan's biggest real estate investment trust, said property prices for prime office buildings have started to rise, signalling a turnaround in a two-decade decline.

1 May 2013 - 3:44am

Property prices may fall 20pc after curbs, agent Savills says

Opus Hong Kong at 53 Stubbs Road, The Peak, by Swire Properties. Photo: Nora Tam

The prediction follows in the wake of a sharp drop in sales of commercial and residential properties since the government raised stamp duties payable on all commercial and non-residential properties sales effective from February 22.

24 Apr 2013 - 5:20am

Slowdown in office sales in Admiralty amid property cooling measures

There were 12 office transactions in the Lippo Centre in Admiralty in February. Since then, only four sales have been made. Photo: Thomas Yau

Sales and prices of grade-A office space in Admiralty have fallen as a result of a doubling of stamp duties payable on the sale of non-residential properties.

24 Apr 2013 - 5:20am

Taiwan insurers go global in search of returns

Central Taipei is a stable and healthy property market, but lacks strong returns. Photo: AFP

Passing through Taipei's major business districts, it is common to see office buildings adorned with names of insurance companies. Indeed, about half of the grade-A office buildings in the city are owned by domestic insurers, with these companies accounting for about 40 per cent of turnover in the past few years.

24 Apr 2013 - 5:20am

Office rents in Shanghai's Pudong area top those in Puxi, brokers say

The Pudong area of Shanghai. Photo: Bloomberg

Increased demand for grade-A office space from domestic and foreign financial firms has led rents in Shanghai's Pudong area to exceed those in Puxi, the city's traditional central business district.

17 Apr 2013 - 5:31am