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A residential site in Mong Kok has been sold for HKD 85.9 million
Hong Kong Residential Sales Market Monitor - March 2020
JLL appoints Sylvia Lau to Head of Valuation and Advisory Services, Greater China
Grocers are adapting to meet online and in-store demand as people shelter in place
Quarantine measures are forcing landlords and retailers to think outside the box
Maintaining strong economic growth in Southeast Asia means preparing for rising sea levels
Picture-perfect murals have moved from illegal to mainstream as property owners and companies hire graffiti artists
The COVID-19 outbreak has been dominating headlines for weeks now. While we, as individuals and businesses, remained focused on the health and well-being of our families, friends and environment, there are clear near-to-medium term implications for the real estate community that this outbreak brings to the forefront
Corporate giants are increasingly backing the move to net zero with ambitious sustainability commitments.
Around the world, foodservice brands are eyeing new overseas markets to drive growth.
Greater use of modular engineered timber methods in office developments could speed up construction and bring sustainability benefits.
The ‘grocerant’ is on the rise as consumer preferences shift toward to-go food
As available space in cities shrinks, property owners are clamouring for a slice of the sky
As cities across the globe look to curb climate change via car restrictions, parking lots could become available for redevelopment
The built environment is ripe with solutions for helping tackle climate change
Sun Hung Kai Properties won the tender for a site atop the West Kowloon Station in November 2019. This marks one of the most notable Hong Kong land sale transactions of the year due to the sheer size of the development and the record price tag.
There is a growing consensus that the property market has reached a cyclical peak. With the Hong Kong property market potentially on the cusp of a broad based correction, we believe that there are two critical steps that the government must take to cushion the market’s downside risks. View details.
Asian cities are moving up the innovation rankings, with Tokyo, Singapore and Beijing among the top five in JLL’s report on the most innovative cities globally, yet Hong Kong will need to attract more investment in R&D if it is to become one.
An integrated Greater Bay Area (GBA) has the potential to shape and accelerate the development of real estate markets across the region.
Japanese corporates, particularly those in the retail sector, account for the largest groups of foreign companies in Hong Kong. In 2018, most new retailers (22%) entering Hong Kong came from Japan, per JLL data.
The number of completed private flats in Q1 2019 fell to the lowest level since Q1 2015 after the Hong Kong government moved closer to implementing its proposed vacancy tax, according to figures released by Hong Kong’s Transport & Housing Bureau.
Currently, data centers in Asia Pacific are witnessing a surge in demand from both corporate users and investors. Find out more!
Green buildings are a key part of the solution to battle climate change. A building is classified as green if it meets certain defined criteria such as energy sustainability, water efficiency and environmental protection.
Read up on the latest property sales trends in Hong Kong's residential industry. Click to view JLL's March 2020 Residential Sales Market Monitor.
Hong Kong’s retail market has entered a deep winter amid the threat of the COVID-19 outbreak. Given the serious repercussions, many landlords have offered rental relief for tenants.
Seasonal home sales recovery to be pushed back in the Year of the Rat
After the holiday season failed to lift consumer sentiment, the retail market fallout in Hong Kong will likely be further aggravated by the novel coronavirus outbreak
Read up on the latest property sales trends in Hong Kong's residential industry. Click to view JLL's January 2020 Residential Sales Market Monitor.
The weakened economic outlook combined with the social unrest continues to impact sentiment within the residential sales market in Hong Kong. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
Download your copy of JLL's Foodservice Trends 2020 report, exploring the areas behind the global F&B market growth and regional influences.
The recent domestic and external headwinds have impacted sentiment within Hong Kong. However, will the expected property market correction in 2020 provide some respite for occupiers who have dealt with increasingly high rental levels over the past decade?
Read up on the latest property sales trends in Hong Kong's residential industry. Click to view JLL's December 2019 Residential Sales Market Monitor.
A luxury residential site in Tai Hang has been sold to CITIC Pacific for HKD 3.2 billion
Hong Kong’s warehouse market has held up reasonably well despite domestic and external headwinds. However, leasing activity has softened in recent months as stakeholders await more clarity on US-China trade negotiations.
The winning bid of HKD 42.2 billion for the site above West Kowloon station was below valuations made in early 2019. However, our analysis suggests that the price tag was somewhat “normal” and in line with other commercial site sales over the past few years. Read JLL's latest snapshot of Hong Kong's economic landscape for more on this trend and other insights.