Hong Kong developer Sun Hung Kai Properties is betting big on arts and commercial projects at the West Kowloon Cultural District, banking on the city’s designated role as a cross-border asset and wealth management hub – even as the office rental market remains subdued. Sun Hung Kai Properties is positioning its projects to stand out…
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,…
Hong Kong office tenants pay the second-highest costs in the world for prime space, behind only tenants in London’s West End, according to research by property consultancy Savills. Office space in Hong Kong cost an estimated US$228 per square foot per year including rent and fit-out costs, according to the study, which tracked prime offices…