Office Buildings

Bank of China Tower is among world's top corporate HQs, German firm says

Bank of China Tower (left), the Petronas Twin Towers, and the BMW headquarters in Munich.

There are no dollar signs or references to money, but the striking Bank of China Tower in Admiralty screams economic might, according to a new list of the world's most eye-catching corporate headquarters.

Sunday, 14 April, 2013, 6:58am

Tier-2 Chinese cities facing glut of office space

Cities such as Chongqing will see their stock of office space more than treble in the next four years as local governments continue their building binge, says CBRE. Photo: Xinhua

The rapid development of new central business districts (CBDs) by local governments on the mainland will result in the real estate market being flooded with a huge volume of new commercial properties in the next four years, says international property consultant CBRE.

13 Apr 2013 - 6:25am

Demand for office space in Hong Kong outstripping supply

Surging rents are forcing firms out of the city's most expensive towers as competition for prime space heats up. Photo: Bloomberg

Hong Kong is likely to face a shortage of around 4 million to more than 8 million square feet of office space by 2020, a global property consultancy has warned.

13 Mar 2013 - 5:07am

Beijing office rent market slowing down

A moderate upward trend for Beijing office rents is forecast for the next few years. Photo: Bloomberg

Beijing's market for premium office space, which has seen an acceleration in prices and rents over the past three years, is slowing down, but sustained demand and limited supply is expected to raise the overall rental level in the city over the next couple of years.

6 Mar 2013 - 4:40am

30-storey office tower sold for HK$3b in Mong Kok, Hong Kong

Agents say the office tower at 113 Argyle Street, close to Mong Kok East MTR Station, was sold for HK$8,824 per sq ft. Photo: Nora Tam

Nan Fung Development sold 113 Argyle Street, close to the Mong Kok East MTR station, for HK$8,824 per square foot, agents said. The developer was unavailable for comment.

20 Feb 2013 - 4:40am

Central office rents to decline further over woes in banking sector

Financial services firms are increasingly moving away from Central.

Office rental in Central, the most expensive worldwide, is set to extend its biggest decline since the global credit crisis, the world's two biggest property agents say.

11 Jan 2013 - 3:56am

Online outrage at 4 billion yuan municipal office in Jinan, Shandong

Jinan municipal government's offices. Photo: SCMP

The Jinan municipal government's massive 4 billion yuan (HK$4.96 billion) offices have sparked online outrage, amid the Communist leadership's repeated discouragement of displays of luxury among its cadres after the 18th party congress.

12 Dec 2012 - 4:00am

Property Digest, December 12, 2012

Overall monthly office rents in Hong Kong dropped by 9 per cent year on year to HK$61 per square foot in the fourth quarter, reflecting slow demand, property consultant DTZ says.

12 Dec 2012 - 3:23am

Cheung Kong and Hutchison Whampoa sell Marina Bay stake

The Marina Bay Financial Centre. Photo: Bloomberg

Cheung Kong and Hutchison Whampoa sold a combined 30 per cent interest in Singapore's Marina Bay Financial Centre Tower 3 for S$1.04 billion (HK$6.56 billion) to DBS Group.

One analyst suggested the companies sold because they thought the price of Singapore's office real estate had peaked. The stake was held through a joint venture.

11 Dec 2012 - 2:55am

There are rewards for breaking out of the box

New buildings are efficient and tenants like the space, but the city would have no character if there were too many. Photo: K. Y. Cheng

Last Saturday, I took a bus to Sai Wan from Causeway Bay. When my bus passed a building with unusual shapes on the façade, I recognised it was the Lippo Centre and I am already in Admiralty. And the nearby gold-coloured building is the Far East Finance Centre.

20 Nov 2012 - 3:51am