Planning and lands departments receive about 1,500 complaints about unauthorised developments every year.
Tel Aviv-based Verobotics expects to have more than 50 of its lightweight, artificial intelligence-powered cleaning robots deployed in the city by the end of next year.
Hongkong Land’s new development in the Shanghai bund area is part of the company’s commercial portfolio strategy in fast-growing mainland Chinese cities, which over the next five years will see the launch of 10 new projects in seven cities.
The project will be developed by property developer Hongkong Land, China Travel Service (Hong Kong) and West Bund, which is backed by the government of Shanghai’s Xuhui district.
The centrally located and historically significant district offers up to US$2.5 million in subsidies for Hong Kong businesses and professionals, and welcomes bids on 2 million square metres of land.
Agents are fielding more leasing enquiries as companies upgrade and consolidate, and rents are expected to edge up by the end of the year, according to market players.
Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches
Global businesses will refocus on Hong Kong as more Covid-19 restrictions are relaxed while an expected reopening of the border with mainland China helps retain its hub status, some commercial landlords say.
Sotheby’s lease for the two-storey space in Chater House starts in the fourth quarter of 2023. The space will be used to host auctions and exhibitions and will also include a cafe, similar to its New York headquarters.
Commercial landlords in Hong Kong are upgrading their properties in a bid to retain and attract new tenants amid rising office vacancy rates.
US money manager Invesco has leased 33,000 sq ft in Jardine House from November 1. Property consultants say that the office relocation trend is likely to continue well into 2023 amid falling rents.
Buildings account for about 90 per cent of electricity consumption in a city famed for its densely packed skyscrapers - technology is helping to cut the environmental impact.
Urban Renewal Authority to focus on Kowloon City, Yau Ma Tei, Mong Kok and Sham Shui Po, among other areas, over five years
Big companies are looking to move to Central or relocate within the city’s main business district, as they take advantage of falling rents, say market observers.
More Hong Kong restaurants are pivoting away from contemporary European and pan-Asian cuisine to Chinese food as the city’s restaurateurs elevate local cuisine to fine dining.
Office rent has plunged by 27 per cent from its peak in late 2021 in Hong Kong. Prices are likely to stay soft as the city faces the biggest new addition of grade A office space since 1998.
Hong Kong property companies are assessing their exposure to climate change impact, devising plans and adopting measures to bolster their resilience and capacity to adapt, especially to extreme flood and storm risks.
Tenants from the F&B sector will only pay turnover rent for a six-month period ending June 30, 2022, the Landmark landlord said on Thursday.
The government wants to cut electricity use of commercial buildings by 30 to 40 per cent and residential buildings by 20 to 30 per cent by 2050 from 2015 levels.
The market for flexible working space is picking up again in Hong Kong after the initial slump brought by tough social-distancing rules during the early months of the coronavirus pandemic.
The Central harbourfront site could fetch HK$55 billion (US$7.1 billion), and eclipse the previous record of HK$42.23 billion set in November 2019 for a parcel atop the West Kowloon station
Hongkong Land, the biggest landlord in Central has been experimenting with a more youthful aesthetic packed with ‘Instagram moments’ in some of the city’s iconic office buildings.
As URA project draws near, affected residents and businesses hope they can be relocated together.
The ambitious plan underscores how Hong Kong continues to be the playground of the ultra wealthy class, even as the city’s economy has been squeezed by the coronavirus pandemic and more than a year of anti-government protests into its worst recession on record.
The outlook for Vietnam’s property market remains positive despite a drop in home sales, rents and the supply of new homes, because of its success in controlling the spread of the coronavirus pandemic.
Landlords are converting vacant retail spaces into food courts as businesses in the city adjust to the slump in tourist arrivals, forcing a shift in focus to cater for local consumers.
Oxfam Hong Kong, organiser of the 100km Trailwalker, has been paying a fraction of its revenue as rent for the space in Jardine House.