Hong Kong’s growing number of expatriates is boosting the city’s residential property leasing market with luxury rents likely to rise by about 5 per cent this year and continue their upswing in 2027, according to property consultancy JLL. The private residential rental index by the Rating and Valuation Department had surged by 18.5 per cent…
This article was first published on April 3, 2011 If the altitude doesn’t give you a nosebleed, the room rates might By John Carney You could say it is the height of luxury. And if putting on the Ritz is your thing, it’s just the place for you. The highest hotel in the world opened…
JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday. Artist Square…
Minna Honkanen could not have anticipated the seismic events that would grip Hong Kong after she decided to try her luck there in early 2019. Two months after she arrived, unprecedented social unrest engulfed the city, followed immediately by the coronavirus pandemic, which shut borders and restricted travel for more than two years. Least of…
Those factors, JLL analysts said, were projected to help trim Hong Kong developers’ swollen inventory, which would drop back to their normal level by the end of next year. “Housing prices have bottomed out, and the outlook for 2026 is cautiously optimistic,” said Joseph Tsang Hon-ping, chairman of JLL in Hong Kong. “We expect capital…
Hong Kong authorities have started to prepare for a wave of travel during the National Day holiday next week when nearly 8.8 million trips are expected to be made across the city’s borders, an increase of more than 20 per cent over last year’s figure, and the city stages a massive fireworks display. Industry experts…