Net effective rents of office space fell further in Central and Admiralty in the second quarter amid increased supply and the worsening global economic outlook.Wednesday, 20 June, 2012, 12:00am
Rapid expansion by domestic corporations in the finance sector, coupled with the limited supply of grade-A offices, has contributed to rent increases and a decline in vacancies in the commercial property leasing market.30 Nov 2011 - 12:00am
Weakening demand from the banking and finance sectors, coupled with a rise in secondary space returning to the market, pulled down prime office rents in Central in the third quarter, property consultants say.
And they expect rents there will continue to fall in the next 12 months.2 Nov 2011 - 12:00am
Corporate occupiers of office space in first-tier mainland cities should prepare themselves for higher rents because of strong demand and tight supply, property consultants say.
The mainland's overall economic recovery is fuelling the development of its commercial real estate market, Cushman & Wakefield says in its latest research report.20 Jul 2011 - 12:00am
Thanks to rampant property speculation, the Hong Kong government spends far more time and effort trying to curb soaring property prices than do the authorities of comparable cities.
It is making every attempt to ensure that property prices remain within the reach of its citizens. However, despite the best endeavours of officials, prices are still far from acceptable.2 May 2011 - 12:00am
A government initiative meant to promote the art scene by making use of old factory buildings has backfired, a coalition of artists said yesterday.26 Apr 2011 - 12:00am
Who says powerful public bodies are in collusion with giant developers? It seems even the mighty and deep-pocketed Urban Renewal Authority has become a victim of big landlords.16 Apr 2011 - 12:00am
With supply of grade A office space in Shanghai surging and rentals under downward pressure, some tenants are moving into more prestigious addresses from office buildings on the fringes of the core business district.27 Oct 2010 - 12:00am
Benign militancy is a contradiction in terms. But it sums up the action of doctors who joined the protest by Link mall tenants on Thursday. The three-hour shutdown involved neither loss of income nor inconvenience to their patients, because it fell largely during their usual lunch break.14 Nov 2009 - 12:00am
Operators from more than three-quarters of the shops in the Mong Kok Computer Centre went on strike for three hours yesterday to demand a rent cut amid the economic downturn.
The strike lasted from noon to 3pm at the centre in Nelson Street, which houses around 70 shops.19 Feb 2009 - 12:00am