Asia real estate and outbound investment news
The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.
Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>
Average office rents in Hong Kong’s Grade A office market rose 0.2 percent in October from the month before, their first increase since rates last peaked in May 2019, according to JLL.
On a net effective rental basis, average tariffs… Read More>>
Hongkong Land, the biggest landlord in Central district, has leased a full floor of Three Exchange Square, a trophy tower that commands some of the city’s highest rents, to crypto assets group HashKey for a reported HK$120 ($15.40) per square… Read More>>
Office rents have been falling in Hong Kong’s Central and the rationalisation of the world’s most expensive business location may have just brought a finance multinational back to one of the district’s trophy towers.
S&P Global moved into a two-floor… Read More>>
Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.
A unit of Hongkong Land is suing HNA Group after… Read More>>
Cash-strapped mainland conglomerate HNA is shedding all eight floors of its unused office space in Hong Kong’s Central district, in a bid to trim HK$12 million per month in rent from its wall of liabilities, according to sources familiar with… Read More>>
Two units on a high floor of Hong Kong’s Two ifc skyscraper have been leased out for HK$200 ($25.63) per square foot per month, setting a post-2008 record high for the world’s most expensive office leasing market.
The units covering… Read More>>
Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay nearly triple Manhattan office leasing rates for a high floor in Exchange Square.
The mainland financial institution… Read More>>
