May 9th, 2006, 05:02 PM
May 9th, 2006, 08:22 PM
I don't think it's a good news for HK to further intensify its position as a preferred business and financial centre in Asia. But that would be OK only if the economic growth rate keeps surging.
April 29th, 2008, 01:15 PM
Source : http://www.flickr.com/kenchok
June 8th, 2008, 10:02 AM
June 8th, 2008, 10:16 AM
June 15th, 2008, 06:10 AM
Author : http://www.fotop.net/jacksklam
July 20th, 2008, 01:44 PM
Source : http://www.fotop.net/KinInNature
July 18th, 2009, 10:29 AM
Source : http://www.shotxy.com
August 14th, 2009, 06:00 PM
By i-Dup from dchome :
August 22nd, 2009, 06:38 PM
Source : http://www.pbase.com/georgiana/image/105886115
September 18th, 2010, 08:48 AM
By TaiSing from a Hong Kong photography forum :
January 11th, 2011, 04:47 PM
Source : http://www.fotop.net/poon_jeffrey/20101231
November 30th, 2011, 04:59 PM
Office rents hold firm
Thursday, August 25, 2011
Growth in many advanced economies remains weak. The weaker-than-expected US economic activity and the lingering European financial crisis have shattered investor resolve, as worries about global growth prospects erode business and consumer confidence, weighing on financial markets.
Asia is relatively well placed to withstand these challenges - compared with the western part of the world - since government finances are in far better shape and loan-to-value ratios at banks healthier than their peers in the West.
Real estate market fundamentals will continue to benefit from Asia's economic outperformance.
For the rest of the year, rents in most markets will rise further, albeit at a slower pace, while the property price growth momentum is starting to slow.
Several cities may experience a consolidation in the short term as residential prices in those markets are still subject to policy risks or financing difficulties.
In Hong Kong, investment demand for property is expected to soften. Prices for Grade A offices are holding firm. There are no signs of investors selling their office assets at significant discounts, as high prices are spurred by a prospective rental growth potential.
Recent notable deals include the leasing in early August of a 4,086-square-foot unit on the 64th floor of Two IFC for a reported HK$195 psf per month, or about HK$800,000 monthly.
Back in March, Russian fund DST leased a 3,700 sq ft unit on the 67th floor of Two IFC at HK$190 psf per month, or HK$703,000 monthly.
Concerns about a slowing global economy and subdued sentiment may affect business expansion plans, but the SAR's tight future supply and low vacancy rate will continue to support rents.
However, overall Grade A office rents are set for slow growth for the remainder of 2011.
In addition, Vice Premier Li Keqiang announced a series of new measures during his visit to Hong Kong. This will provide a lift for the financial community, as these positive surprises will help promote further cross-border capital flow, both in terms of company investments and businesses, as well as portfolio investment flows.
This reassures and highlights Hong Kong's important role within China's 12th Five-Year Plan - including turning the territory into an offshore yuan financial center, while it continues to serve as an international financial center for the rest of the world.
In turn, this will provide support to the SAR office market in the longer run.
Joanne Lee is an assistant manager of research and advisory at Colliers International. The real estate consultancy has integrated teams of specialists to speed up success for institutional and private clients by developing solutions to give their properties a competitive business advantage.