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Office rental
The latest news, analysis and opinion on Office rental. In-depth analysis, industry insights and expert opinion.
People walk through Swire Properties’ Taikoo Li Chengdu. Photo: Swire Properties
China property

Swire Properties bullish on mainland China despite tariff war’s pall

Hong Kong developer says it is on the hunt for retail investments in Shenzhen amid the ‘onshoring’ of consumption, CEO says.

Hong Kong property

Hong Kong’s office segment to see faster turnaround than retail: Morgan Stanley

China property

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

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Hong Kong property

Hong Kong may need 7 to 15 years to end city’s office glut, experts say

The city has 15 million sq ft of excess office space, more than all the current space in the main business district.

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Hong Kong landlords need to look for tenants outside the city’s traditional industries to fill their vacant offices, experts say. Photo: Eugene Lee
Hong Kong property

Swire Pacific earnings drop 85% as Hong Kong property slump hits projects, assets

Earnings at Cathay Pacific stabilised while the group switched its focus in the beverage business to Thailand and Laos from the US market.

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China property

China’s commercial properties unloved as foreign funds sell for fourth year

Cumulative net selling from 2021 to 2024 amounted to US$11.2 billion, surpassing net buying in 2019 to 2020.

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Hong Kong

Harbour City owner says earnings sink on weak retail, property market

Earnings took into account HK$5.66 billion (US$729.3 million) of deficit from a revaluation of investment properties.

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Tourists shop at the Harbour City mall in Tsim Sha Tsui. Photo: Jelly Tse
Hong Kong property

Hong Kong office landlords ‘defensive’ amid supply glut, relocations

‘Flight to quality’ of tenants is ‘absolutely going to continue’ with lots of new supply hitting the market, JLL analyst says.

China property

China’s office market outlook bleak as foreign firms leave in droves

The office vacancy rate in Beijing climbed to 21 per cent in the fourth quarter of last year, from 17.9 per cent in the fourth quarter of 2020.

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Hong Kong property

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers.

Hong Kong banks have heavy exposure to the city’s real estate sector. Photo: May Tse
Hong Kong property

Rare deals, distressed sales to prevail in Hong Kong property

Traditional investors to stay on the sidelines while educational and church organisations scoop up assets, analysts say.

Evangelical church Island ECC bought 96,000 square feet of Kiu Fai Mansion in North Point, which houses the Sunbeam Theatre, in 2024. Photo: Edmond So
Tokyo

Tokyo’s prime office rents rise, but vacancy rates tell a different story

Rents for prime office space in Japan’s capital increased by 5.2 per cent in last year’s third quarter, the most in eight years.

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Hong Kong politics

Editorial | Get balance right on offices of Hong Kong’s ex-leaders

Former Hong Kong chief executives still have a role to play, but there is also a need to spend wisely during difficult financial times.

Artificial intelligence

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

Singapore’s skyline. Photo: AFP
Hong Kong property

No immediate relief in sight for Hong Kong’s distressed office landlords

The prices of prime office space in the city’s main business zones declined by more than 46 per cent since October 2018.

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Overall rents across the city’s premium office space segment are estimated to have fallen 8.6 per cent this year. Photo: May Tse
Hong Kong property

Hong Kong outshines Singapore as demand for flexible office space grows: report

Bengaluru and Makati are the hottest spots as demand surged by 107 and 47 per cent, respectively, according to a study.

Banking & finance

US banks face rising distress as commercial property values slump

Smaller US banks ramp up loan modifications amid slumping commercial property values.

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International Property

La Défense, Europe’s largest purpose-built business district, seeks Asian investors

Around 15 per cent of the office space in the business district is currently vacant because of weak demand.

Avenue Charles de Gaulle and the business district of La Defence, seen from Arc de Triomphe in Paris. Photo: Shutterstock
Hong Kong property

Hong Kong university pays US$334 million for Chen Hongtian’s seized office tower

Hong Kong Metropolitan University makes its second purchase in six months in this year’s biggest commercial deal.

Hong Kong property

Art houses Christie’s, Sotheby’s show off flashy new Hong Kong showrooms

The auction houses’ glammed up spaces are a reflection of their desire to change the way they conduct business.

Hong Kong property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

Hongkong Land, which is controlled by conglomerate Jardine Matheson, manages US$32 billion of investment properties. Photo: Shutterstock
Hong Kong property

Hong Kong landlords head for the exit when the going is good

Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.

Virtus Medical Tower, a 15-storey building in Central, is on sale. Photo: Jonathan Wong
Hong Kong property

As Hong Kong and Singapore age, health businesses loom larger in property market

As the average age in Hong Kong and Singapore rises, landlords and developers need to become more in tune with the medical industry.

Hong Kong property

Hongkong Land seeks US$10 billion from asset reshuffle, eyes high-end market

Strategic pivot aims to ‘ultimately’ double its profit before interest and tax and grow its assets under management to US$100 billion by 2035.

Hong Kong property

Hong Kong’s office market to trail recovery in residential, retail properties

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

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Hong Kong’s office skyline in Central in February 2024. Photo: Sun Yeung
Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse
Hong Kong Monetary Authority (HKMA)

Rising bad debts on Hong Kong commercial property ‘a concern’: HKMA CEO

The increase is ‘not alarming’ as the banking system is robust enough to handle the uptick, according to Eddie Yue.

Hong Kong property

Hong Kong landlords set to worsen office glut as fresh supply hobbles recovery

Some 3 million square feet of supply will hit the market next year, likely delaying any recovery in office rentals, analysts say.

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