https://www.scmp.com/rss/327199/feed Nigel Smith, Managing Director of Colliers International Hong Kong en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The government has confirmed Henderson Land Development has paid the full HK$50.8 billion (US$6.5 billion) lump-sum premium for New Central Harbourfront Commercial Site 3. As we know, six tenders passed the design part of the two-envelope approach requirements, but only two met the government’s reserve price. Regardless of the winner and price, there is a responsibility to deliver value from this sale. Henderson can do this by creating new opportunities, and is likely to plug the site into its... https://www.scmp.com/business/article/3159481/henderson-can-deliver-value-after-winning-new-central-harbourfront?utm_source=rss_feed https://www.scmp.com/business/article/3159481/henderson-can-deliver-value-after-winning-new-central-harbourfront?utm_source=rss_feed Tue, 14 Dec 2021 04:00:25 +0000 Hong Kong’s office sector recorded overall net absorption for the first time after eight consecutive quarters – a key indicator of the health of the market. Despite the lion’s share coming from Kowloon, there was a return in demand from occupiers in Central, where the vacancy rate dropped to 7.2 per cent. As we move towards the end of the year and into 2022, we see these two key indicators continuing to improve with stronger plays for recentralisation and flight-to-quality options within the... https://www.scmp.com/business/article/3155299/what-hong-kong-office-landlords-must-do-retain-and-attract-tenants-amid?utm_source=rss_feed https://www.scmp.com/business/article/3155299/what-hong-kong-office-landlords-must-do-retain-and-attract-tenants-amid?utm_source=rss_feed Tue, 09 Nov 2021 04:00:15 +0000 The Year of the Ox, a hardworking and methodical animal, has the makings of being a positive and productive period in Hong Kong. Like this zodiacal projection, we anticipate that the city’s hard-working population will be rewarded as it emerges from a near two-year recession, with firm growth as mainland China starts to kick on, recommencing positive economic momentum. Hong Kong is fortunate to have its economy joined at the hip to mainland China’s as it is the first major global economy to have... https://www.scmp.com/business/article/3116309/year-ox-hong-kongs-property-market-throw-opportunities-city-emerges-two?utm_source=rss_feed https://www.scmp.com/business/article/3116309/year-ox-hong-kongs-property-market-throw-opportunities-city-emerges-two?utm_source=rss_feed Tue, 05 Jan 2021 04:05:09 +0000 It is said that the property industry is like an ecosystem, where every stakeholder – the government, occupiers, investors, developers, banks, professional advisers and so on – work closely together, relying on each other to thrive. To maintain a healthy ecosystem and business environment, property valuation, be it for capital value or rental value, is a key connector, serving as the guiding light for all market players. Property valuation has always played an important role in the fast-changing... https://www.scmp.com/business/article/3103373/how-thoroughly-researched-valuation-report-can-unlock-value-all?utm_source=rss_feed https://www.scmp.com/business/article/3103373/how-thoroughly-researched-valuation-report-can-unlock-value-all?utm_source=rss_feed Tue, 29 Sep 2020 04:05:08 +0000 Hong Kong’s retail landscape is in danger of falling behind, as millennial and Generation Z consumers, who continue to influence the future of retail by setting new benchmarks for the industry, demand digitally-engaging, entertaining and shareworthy experiences. I believe a fundamental mindset shift is needed to deliver these experiences and secure Hong Kong’s retail competitiveness moving forward. To reinvigorate retail, the answer could lie in addressing one of the city’s major challenges: a... https://www.scmp.com/business/article/2186687/pedestrian-friendly-approach-could-transform-key-urban-areas-vibrant-social?utm_source=rss_feed https://www.scmp.com/business/article/2186687/pedestrian-friendly-approach-could-transform-key-urban-areas-vibrant-social?utm_source=rss_feed Tue, 19 Feb 2019 04:03:20 +0000 Tuen Mun is currently undergoing a transformation that is shifting the city’s dynamics and role in the Greater Bay Area, the district in northwest New Territories is set to become the apex of a new ‘golden triangle’ of flows to and from Hong Kong, Shenzhen, and Macau and Zhuhai. Today, Tuen Mun is comparable to Quarry Bay before its regeneration. Since the 1970s, a wave of urban transformations swept over Quarry Bay – the former Taikoo dockyard became Taikoo Shing, the Swire Coca-Cola bottling... https://www.scmp.com/business/article/2156444/how-tuen-mun-shakes-underdog-status-become-future-apex-new-golden-triangle?utm_source=rss_feed https://www.scmp.com/business/article/2156444/how-tuen-mun-shakes-underdog-status-become-future-apex-new-golden-triangle?utm_source=rss_feed Tue, 24 Jul 2018 04:03:28 +0000 Beyond the hustle and bustle of Hong Kong’s core business districts are several areas quietly growing and becoming of greater importance – not only for the city but the region and China’s “Greater Bay Area” initiative. The districts of Tuen Mun, Yau Tsim Mong and Lok Ma Chau are developing into strategic intersections with the mainland that will increasingly benefit Hong Kong. These are places where transport and logistics connections are being advanced, and business, technology and cultural... https://www.scmp.com/business/article/2148110/upcoming-districts-will-define-hong-kong-future-business-knowledge-and?utm_source=rss_feed https://www.scmp.com/business/article/2148110/upcoming-districts-will-define-hong-kong-future-business-knowledge-and?utm_source=rss_feed Tue, 29 May 2018 04:01:03 +0000