Grade-A office building

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.

Wednesday, 24 April, 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

Wrong thinking on the future of Kai Tak

Amid debate about a sports hub and housing, some plots at Kai Tak have been set aside for commercial and office use. Photo: Nora Tam

Kai Tak is in the news again, with individuals and organisations debating the pros and cons of dedicating land to housing or a sports hub.

Given that developing the space formerly occupied by the old airport is bound to take many years, we may have to become accustomed to articles debating the merits of various uses for the land. But the arguments recently have been unconvincing.

31 Oct 2012 - 3:08am

Shanghai focus turns to Hongqiao CBD

A labourer works on a construction site. The Hongqiao CBD project in Shanghai is aiming to lure multinational companies. Photo: Reuters

China's gross domestic product grew at compound annual rate of 10.7 per cent over the past eight years, and from 2006 to last year commercial office completions in Shanghai grew at a compound annual rate of 10.8 per cent.

That's despite the impact that uncertain global economic conditions have had on corporations' property portfolios, especially in Europe and the US.

27 Sep 2013 - 4:17pm

Looking farther afield

Central holds a third of all available office space but interest has shifted to other areas such as Hung Hom. Photo: Jonathan Wong

In recent years, Hong Kong has been identified as the most expensive office market in the world due to high rents in Central. However, Central rents have fallen by over 16 per cent since the peak of the market in 2011 and vacancies have shot up during this time.

10 Oct 2012 - 3:00am