• Sun
  • Apr 20, 2014
  • Updated: 5:02am

office space

'Grimmest days over' for Hong Kong's office leasing market

After a sharp fall in rentals in the core Central district, the worst for Hong Kong's office leasing market is over, property consultants say.

They expect demand to pick up gradually amid growing expectations that the global economy will stabilise this year.

Wednesday, 2 January, 2013, 4:24am

Hong Kong property sales up 6 per cent in 2012

Property sales in Hong Kong are expected to have risen 6 per cent last year, with the total value of deals climbing to a two-year high thanks to rapid growth in home prices.

1 Jan 2013 - 5:30am

Cheung Kong and Hutchison Whampoa sell Marina Bay stake

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

Bank of America set to sign lease at Cheung Kong Center

Bank of America is close to agreeing to lease almost 150,000 square feet of prime office space in Cheung Kong Center, as competition among landlords in Central increases with rising vacancy rates.

Under the plan, the bank will occupy seven floors in the Center, according to two people familiar with the transaction.

8 Dec 2012 - 3:46am

Bidding frenzy for Kowloon Bay commercial site

A commercial site put up for tender by the Lands Department in Kowloon Bay attracted 20 bids by yesterday's deadline compared with just six for a residential site in Tseung Kwan O, in a further sign of developers' response to government attempts to cool the housing market.

24 Nov 2012 - 4:35am

Sino Land and South China seek HK$7b for Central office block

Sino Land and South China Holdings are trying to sell a 33-storey office building in Central for HK$7 billion rather than by individual floors, to command a higher price for the property.

In December, the companies put on sale 11 upper-level office floors in their jointly owned The Centrium in Soho but found no takers. The average asking price was HK$19,500 per sqft.

9 Nov 2012 - 3:59am

Business Digest, October 31, 2012

HKMA steps in again to weaken HK dollar

31 Oct 2012 - 2:31am

Investors rush for office space as stamp duties cool market

Property agents say they expect investors to retreat from the housing market as a result of the stamp duties announced on Friday, and move into an already sizzling commercial sector. But the government may be willing to block that avenue as well.

30 Oct 2012 - 9:22am