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…
Hong Kong’s Tsim Sha Tsui district commanded the most expensive rental fees among the world’s retail markets last year, as luxury brands from Cartier and Dior to Tiffany kept their flagship stores running on the Kowloon peninsula, according to Savills. Prime retail rent in TST, as the area is called, was £17,132 (US$22,976) per square…
The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc…
The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc…
Hong Kong’s property sales increased to the highest level in four months in March, as a resurgent stock market and a lower tax scheme for homes spurred sentiment, according to two of the city’s largest agencies. Sales of new and lived-in homes, shops, office units, car parking spaces and industrial properties jumped by 55 per…
Hong Kong’s lived-in home prices fell in December to complete three straight years of setbacks, as geopolitical and inflation risks clouded the prospects for more interest-rate cuts by global central banks. Prices in the secondary market declined 0.65 per cent last month, following gains in October and November, according to data published by the Rating…
By 2030, around one in four Singaporeans will be aged 65 or above, up from one in 10 in 2010, according to official data. In Hong Kong, the percentage of the city’s population that is considered elderly is expected to rise to 36 per cent by 2046 from 20.5 per cent in 2021, according to…