Hong Kong’s so-called headquarters economy, in which the city serves as a regional and global base for corporate headquarters, is spurring recovery in the commercial real estate sector as analysts forecast an improved investment environment this year. The city’s battered office market showed signs of stability in 2025, with 2.1 million sq ft (195,000 square…
When Alex Barnes finally closed the two largest single-tenant office leasing deals Central has seen in more than a decade, the outcome was decisive – but the path there was anything but quick. The JLL Hong Kong co-CEO and managing director advised quantitative trading firm Jane Street Asia on a record-setting lease at Central Yard,…
Some residents of Tai Po’s Wang Fuk Court have urged an independent committee investigating Hong Kong’s deadliest fire in decades to identify and hold those responsible to account, as the judge leading the inquiry vows a fair and thorough probe. The committee’s first hearing began at 10am on Thursday with a minute of silence to…
Senior civil servants are among scores of witnesses to be cross-examined by an independent committee set up to probe the cause of Hong Kong’s deadliest fire in decades in a string of open hearings expected to take around two months, the South China Morning Post has learned. The committee tasked to investigate the fire, which…
Hong Kong’s tourism chief has struck an upbeat note on tourist arrivals during Lunar New Year and expressed confidence that visitor numbers will cross the 50 million mark by the end of the year. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said she was optimistic about a year-on-year increase in tourist arrivals over…
A Hong Kong office unit at Admiralty Centre has changed hands for HK$292.17 million (US$37.46 million), making it the most expensive commercial property transaction registered on Tuesday, according to official records, in a deal that adds to tentative signs of stabilisation in the city’s battered real estate market. The office space, located in Tower 1…
The public will be allowed to observe the first open meeting of an independent committee investigating the cause of Hong Kong’s deadliest fire in decades, which will set the framework for subsequent hearings. The independent committee, which was set up in the aftermath of the fire at Wang Fuk Court, announced on Tuesday that it…
The couple behind the Asia distributor of Japanese skincare brand Fancl has bought prime office and retail space in Hong Kong’s Admiralty district, highlighting selective bargain hunting by cash-rich local investors as commercial property prices remain under pressure. Gourmet Dining Group, owned by Christopher Chan and wife Michelle Ma-chan, agreed on January 5 to buy…
The newest landmark office tower in Hong Kong’s main business zone is nearing full occupancy a year and a half after it welcomed its first tenants, suggesting improving fortunes in the city’s office property segment. The Henderson – the prime commercial development and namesake tower for one of Hong Kong’s largest developers – reached 90…
In 2009, Christophe Younes left Paris for Hong Kong at the age of 17 to finish high school. Fresh-faced and eager, and having never lived abroad, he was going to join his father in the city. He had not even moved on to university when his father first suggested opening a patisserie. That planted a…