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Office rental

Office rental
The latest news, analysis and opinion on Office rental. In-depth analysis, industry insights and expert opinion.
The diversified Swire Pacific group has interests in aviation, real estate and beverages. Photo: Fung Chang
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.

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International Property

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

Hong Kong property

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

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.

The redevelopment of the West Bund in Shanghai’s Xuhui district started in 2010. Photo: Getty Images
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.

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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.

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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.

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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.

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.

The Hing Wai Building in Central. Photo: Google
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.

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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.

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.

A tram travels among office buildings in Central on January 17, 2025. Photo: Edmond So
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.

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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.

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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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Exterior of One Pacific Place in Admiralty. Photo: Nora Tam
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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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.

A reflection of office buildings is seen in the financial district of Central, Hong Kong, on June 11, 2020. Photo: Dickson Lee
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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Rents in Beijing’s central business district currently stand at 300 yuan per square metre per month, down from 365 yuan before the pandemic. Photo: Simon Song
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 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.

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