Hong Kong rent deals beyond older business districts

Article Abstract:

The emerging decentralized office locations in Hong Kong is enticing big businesses due to its lower rental costs and improved facilities. Offices like Sun Hung Kai's Grand Century Place in Mongkok and Swire's Festival Walk in Taikoo Place boast of flexible office systems. Sale prices per square foot is HK$5,000, one third the price of commercial premises in Tsim Sha Tsui and Central.

Buildings and facilities, Sun Hung Kai and Co., Office leases

---

Swire properties respond to downturn in Hong Kong

Article Abstract:

Swire Properties Ltd remains patient with its office development projects by refraining from marketing sites until ready to lease. Swire's change in policy comes in response to a downturn in office market that company director Michael Moir expects to continue until 1999 or 2000. Mr. Moir maintains that prices have not bottomed out yet and that oversupply keeps the market weak.

Management, Economic aspects

---

High home prices? Blame bad planning and red tape

Article Abstract:

Property analysts in Hong Kong have attributed the high cost of owning housing in the country to the uncertain property market generated by the government's lack of clear-cut policy of selling lands to developers. The government's current real estate policy prompts developers to delay housing development projects, thereby propelling the prices of properties in the market.

Housing Programs, Administration of Housing Programs, Housing Developers, Finance, Real estate industry, Housing policy, Housing development

Similar abstracts:

• Abstracts: Hong Kong's outlook remains upbeat, despite politics. Ambivalence abounds as July 1 nears. Hong Kong still signals strong hopes for the economy
• Abstracts: Property business drives Swire Pacific's transformation. Property prices set to fall. Currency crisis puts a damper on Asian property expo
• Abstracts: Hong Kong's real-estate bubble bursts. Pacific Century's deal may signal a rebound in Japan
• Abstracts: Hong Kong's reputation is damaged. As Cambodia prepares for elections, there is some hope. Huot: a 'puppet prime minister' pulling many strings
• Abstracts: Declare victory and go home. The fight to fund the Fund. Bill Clinton's dilemma

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.