https://www.scmp.com/rss/314102/feed Denis Ma is head of research at JLL en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com An integrated Greater Bay Area has the potential to shape and ­accelerate the development of real estate markets across the ­region. Now, thanks to the recent release of the mainland government’s long-awaited Greater Bay Area outline development plan, we have further guidance about how this future development might play out. Broadly speaking, the vision for the bay area plan is to further integrate the nine largest cities in Guangdong province with Hong Kong and Macau to establish an economic... https://www.scmp.com/property/hong-kong-china/article/3010066/greater-bay-area-support-hong-kongs-office-market-areas?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3010066/greater-bay-area-support-hong-kongs-office-market-areas?utm_source=rss_feed Tue, 14 May 2019 04:00:05 +0000 Generally speaking, a building’s size is quoted in terms of gross floor area or GFA. One of the peculiarities of Hong Kong’s property market is the ability for buildings to grow in size over time. According to Building (Planning) Regulation 23(3)(a), the GFA of a building is defined as “the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with the area of each balcony in the building, which shall... https://www.scmp.com/property/hong-kong-china/article/2161474/why-hong-kong-buildings-are-bigger-they-appear-its-all-way?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2161474/why-hong-kong-buildings-are-bigger-they-appear-its-all-way?utm_source=rss_feed Tue, 28 Aug 2018 04:00:46 +0000 The government’s recent announcement to redevelop the Lok Ma Chau Loop – a piece of swamp land adjacent to the Shenzhen river – into a technology park has stoked a range of emotions among the city’s business community and wider public. Those against the plan point to Hong Kong’s puny investment into research and development (just 0.76 per cent of the city’s gross domestic product in 2015) and the city’s inability to foster the growth and development of a meaningful ecosystem over the past 20... https://www.scmp.com/property/hong-kong-china/article/2064702/lok-ma-chau-loop-can-boost-hks-technology-credentials?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2064702/lok-ma-chau-loop-can-boost-hks-technology-credentials?utm_source=rss_feed Tue, 24 Jan 2017 07:02:25 +0000 Over the past 12-months, mainland buyers have created quite a buzz in Hong Kong’s office investment market with a number of record-breaking transactions. The ball got rolling late last year when Evergrande acquired Mass Mutual Tower in Wanchai for HK$12.5 billion, the largest amount ever paid for an office building in the city. This was quickly followed by Everbright’s purchase of Dah Sing Financial Centre for HK$10 billion. Across the harbour at One HarbourGate in Hunghom, China Life purchased... https://www.scmp.com/property/hong-kong-china/article/2022686/hong-kong-office-market-gets-fresh-impetus-flurry-deals?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2022686/hong-kong-office-market-gets-fresh-impetus-flurry-deals?utm_source=rss_feed Tue, 27 Sep 2016 08:03:28 +0000 After posting gains for the better part of the last two years, Hong Kong’s office market is nearing an inflection point as demand weakened through the first half of 2016. While extremely low vacancy rates have played a part in curtailing net take-up, office rents – which serve as a barometer of market health – also are showing signs of strain, with growth slowing and even declining in the city’s key office markets through the first half. The fact that weakness is now starting to appear in the... https://www.scmp.com/property/hong-kong-china/article/1988463/hong-kong-office-rents-under-pressure-mainland-chinese?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1988463/hong-kong-office-rents-under-pressure-mainland-chinese?utm_source=rss_feed Tue, 12 Jul 2016 03:00:00 +0000