TOPIC

Office rental

Office rental
The latest news, analysis and opinion on Office rental. In-depth analysis, industry insights and expert opinion.
Schroders owns three floors of commercial space at Harbourfront Landmark in Hung Hom district. Photo: Google
Hong Kong property

Schroders hit by Hong Kong property slump as banks seize assets

Bank of Communications is weighing options for a loan extended to Schroders for a commercial space at Harbourfront Landmark in Hung Hom.

Hong Kong property

Analysts mixed on outlook for Sun Hung Kai Properties’ shares

Hong Kong property

FWD expands office at Swire’s Taikoo Place to become largest tenant

Hong Kong property

Hong Kong’s office leasing market picks up pace for fourth straight month

Tenants leased a net 190,000 sq ft of prime office space last month, while rents fell 0.5 per cent month on month, according to JLL.

Hong Kong’s prime office rents have dropped by more than 40 per cent since hitting a peak in 2019. Photo: May Tse
Wealth: Family Offices

Hong Kong’s family offices help prop up local property rentals market

While global real estate markets struggle in the face of declining investment, Hong Kong’s family offices are helping the city resist the trend.

Supported by
BNP Paribas Wealth Management
International Property

Philippines’ Zobel de Ayala clan makes US$2.5 billion bet on retail, hotels

Ayala Land, which recently bought New World Development’s Makati hotel, is bullish on the country’s retail and hospitality segments.

Advertisement
Advertisement
Advertisement
International Property

Singapore office demand soars 12-fold as Hong Kong ‘subdued’: Colliers

Hong Kong prime office rents could decline by 10 per cent this year as vacancy rates climb to about 19 per cent, report says.

5
A view of the city skyline in Singapore on December 31, 2020. Photo: Reuters
Hong Kong Monetary Authority (HKMA)

HKMA, HSBC allay fears about Hong Kong’s loan risks amid property glut

Risks associated with commercial real estate loans were manageable, HKMA and HSBC said in separate statements on Wednesday.

Swire Group

Swire Pacific warns of uncertain outlook after first-half profit drop

Real estate division Swire Properties is making good progress with its US$12.7 billion investment plan, chairman Guy Bradley says.

videocam
International Property

US leads Asia-Pacific real estate deals with assets worth US$5 billion

Cross-border real estate investments in Asia-Pacific reaches US$12.1 billion in the second quarter, the most since the third quarter of 2022.

People walk past a real estate agent’s window in Melbourne. Australia was one of the top cross-border real estate investment destinations in the second quarter. Photo: AFP
Hong Kong property

More Hong Kong office tenants seek longer rent-free periods: Colliers

Some nine out of 10 office tenants in Hong Kong expect longer rent-free periods from their landlords, Colliers says.

An aerial view of Hong Kong’s Central district. Photo: Yik Yeung-man
China property

Shanghai’s West Bund defies property slump as it attracts MNCs like BMW, Adidas

Shanghai’s overall office vacancy rate rose to 22.4 per cent in June from 22.1 per cent at the end of 2024, according to CBRE.

Hong Kong property

Commercial property crisis looms in Hong Kong amid sliding values

Capital value of commercial property set to fall by up to 10 per cent this year, with office and shop rents also slipping, JLL says.

Hong Kong property

Smaller fall in Hong Kong office rents unlikely to benefit distressed landlords

The narrowing decline in rents suggests the market is nearing a bottom, especially in prime locations, Cushman’s John Siu says.

General view of Hong Kong seen from the Hong Kong Monetary Authority headquarters at IFC. Photo: May Tse
Hong Kong economy

‘Sheer delusion’ for Hong Kong landlords to refuse to cut rents: CY Leung

‘If someone tries to go against the tide … he will become the victim at the end of the day,’ ex-leader says.

14
By the end of 2024, the total vacant floor area of private commercial buildings was 1.4 million square metres, according to a government report. Photo: Jelly Tse
Hong Kong property

Emperor’s financial struggle mirrors current state of Hong Kong real estate

Group controlled by tycoon Albert Yeung is struggling with debts of HK$16.6 billion, while losses have more than doubled to HK$4.74 billion.

5
Hong Kong property

High-end office properties in Causeway Bay to lure major global tenants: JLL

‘Trophy buildings with large floor plates in Causeway Bay will be the new focus of the market and will draw more tenants,’ JLL says.

Advertisement
Advertisement
Advertisement
Hong Kong property

Jane Street to pay US$3.9m a month in record Hong Kong office lease

The trading firm takes a 223,000 sq ft space in one of the largest leasing transactions in Central in decades.

An artist’s impression of Henderson Land Development’s New Central Harbourfront project. Photo: Handout
Hong Kong property

As Hong Kong office rents plummet, landlords upgrade with video walls

JLL says nearly 44 per cent of Hong Kong’s grade A office space is more than 30 years old.

International Property

Earthquake jitters sway Thailand’s market for high-rise office towers

Concerns over building safety are adding further pressure to a market that was already grappling with slowing demand.

videocam
Hong Kong property

Southeast Asian buyers, schools fuel revival in Hong Kong commercial properties

Colliers forecasts commercial real estate deals to increase 14 per cent this year on policy support, valuation appeal.

Prime commercial buildings in Central, Hong Kong. Photo: AFP
Hong Kong property

The View | Bullish case for Hong Kong student housing should be treated with caution

Student accommodation can help alleviate the city’s property market woes, but it’s far from a cure-all solution on its own.

Students on the Chinese University campus on January 10, 2024. Photo: Eugene Lee
Hong Kong property

Hong Kong office tenants pay world’s second-highest costs: Savills

City’s office-space costs, which trail only London’s West End, declined 1.1 per cent in the first quarter, property consultancy says.

Hong Kong property

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

The Exchange Square in Central, home to the city’s stock market operator Hong Kong Exchanges and Clearing. Photo: Nathan Tsui
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.

People walk through Swire Properties’ Taikoo Li Chengdu. Photo: Swire Properties
Hong Kong property

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

‘We think the Hong Kong office market is not structurally impaired,’ Morgan Stanley’s Praveen Choudhary says.

China property

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

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

9
Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement