Economic Rent

Office rents in Central and Admiralty fall again

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

Limited supply sees rent rise

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

Prime office rents fall in Central

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

Rents at premium offices in first-tier cities to rise

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

Skyrocketing rents have driven businesses from Yuen Long

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

Factory scheme prices us out, artists say

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

URA gets an expensive taste of its own medicine as rising rent forces it to move

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

Firms upgrade to better offices in weaker market

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

Market forces benefit doctors as well as malls

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

Mong Kok traders strike for lower rents

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

Shop owners, Link fail to agree over rent

A meeting yesterday between shop owners and The Link Reit yielded no results as they remained deadlocked over rent increases in public estate shopping malls. The Federation of Hong Kong, Kowloon and New Territories Public Housing Estates Resident and Shop Owner Organisations said it demanded the real estate investment trust decrease rents by 10 to 20 per cent.

7 Nov 2008 - 12:00am

Authority rejects bid to widen rent holiday

The Housing Authority yesterday voted down a proposal to give virtually all public housing tenants a rent-free month in February.

In a letter to fellow Housing Authority members last Thursday, Chan Kam-lam suggested extending the rent-free measure to include tenants in 19,400 units who are paying more than minimum rent.

24 Jan 2007 - 12:00am

Lawmakers fume at Link chief's defiance

Legislators warned they might summon the boss of The Link Management to explain its rent policy after he refused to show up yesterday for a Legislative Council panel meeting considering the issue.

The housing panel passed a motion expressing regret at the absence of The Link's chief executive officer, Victor So Hing-woh, and requested him to attend the panel's next meeting.

5 Jan 2007 - 12:00am

Housing rent bill heads to Legco

Lawmakers are assured that they will have a say on the contentious amendment

A bill to amend the Housing Ordinance to eliminate the controversial clause that caps public housing rent will be ready for Legislative Council scrutiny early next year, a housing official said yesterday.

7 Sep 2006 - 12:00am

Why it pays to end the rents deadlock

The Housing Authority's public consultation on the rent policy review comes to an end this week. Its objectives include adopting a more flexible system of setting rents for public housing. That would incorporate tying rents closer to the value of flats and to tenants' income, and promoting the long-term sustainability of the public housing programme.

5 Jun 2006 - 12:00am