APP MONTHLY NEWSLETTER 4 SEP 2017

 

APP Monthly Newsletter – 4 Sep 2017

Leasing Market

 

 

Kowloon East grade A waiting to be occupied. Overall office vacancy rate raised.Read more…

 

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APP Monthly Newsletter – 21 Aug 2017

Leasing Market

 

 

HKEX continues to expand rapidly in Central core building. Nano apartments for rental spread to luxury neighborhood in Southern District…Read more…

 

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APP Monthly Newsletter – 7 Aug 2017

 

 

Leasing Market

The Otis Elevator Company will occupy two floors, a total of 70,000 sq.ft., of the newly completed Goldin Financial Global Centre…Read more….

 

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APP Monthly Newsletter – 24 Jul 2017

Investment Market

Record breaking price saw at Far East Finance Centre (Admiralty). An entire floor sea view office of 10,800 sq.ft. is transacted at HK$540 million…Read more…

Leasing Market

 

Leasing transactions continue on the due to complete (Q4 2018) Lee Garden Three…Read more…

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CENTRAL LONDON OFFICE ANALYSIS Q3 2015
2015年三季度伦敦市区办公室市场分析

 

  Central London Office Report
  • The vacancy rate reduced to 4.5%. Its lowest since Q2 2008 when the vacancy rate was down at 3.9%.
    空置率降低到4.5%,这是2008年第二季度空置率3.9%以来的新低
  • There is currently 13.4 million sq ft under construction across central London, with 599,926 sq ft (4%) due for completion before the end of 2015 and 5.4 million sq ft (40%) due before the end of 2016.
    目前伦敦城区内约有1340万平方英尺的办公面积正在建设中,其中599926平方英尺(约4%)计划于2015年年底前完工,另有540万平方英尺(约40%)计划于2016年年底前竣工。
  • Prime rents across all central London increased by 7.1% compared to Q3 2014.
    相比于2014年三季度,伦敦核心位置租金增长7.1%
  • During Q3 2015, central London investment totaled £2.8 billion across 45 deals, marking a 14% decrease on the previous quarter and a 23% decrease on the five-year quarterly average.
    在2015年三季度中,伦敦城区办公物业投资交易总额28亿英镑总计45个项目,与上季度相比下降14%, 低于五年季度平均值约23%
  • After seven quarters of yield compression, Q3 2015 signifies the first quarter that we have seen no yield movement in any of the subareas since Q3 2013.
    在连续7个季度下降后, 本季度的租金回报率是自2013年三季度以来第一次取得稳定
   

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APP MONTHLY NEWS LETTER

26 JUNE 2017

 

Market News

 

Continued from last year, Hong Kong remain as the world’s most expensive office market, supported by Chinese financial and banking sector, average rental rates grew 4.2% Y-o-Y.

We anticipate Central’s rental rate to continue it’s upward momentum, driven by strong demand from Chinese companies as well as lack of new supply in the coming 24 months (Vacancy rate at historic low of 1.5%).

Throughout the top 5 markets, Central and West Kowloon recorded increment from last year, the gap between Central and West End is now widen to 41%.

 

 

2017 Top 5 Most Expensive Markets

Rank

City

HK$  sq.ft.

Y-o-Y

1

Central, Hong Kong

194

+4.2%

2

West End, London

137

-18.4%

3

Midtown Manhatton, New York

130

-3.3%

4

West Kowloon, Hong Kong

122

+6%

5

CBD, Beijing

117

-2.6%

 

 

 

                               2016 ECONOMIC AND PROPERTY MARKET REVIEW   2016 英国经济和物业市场展望

 
  • Despite a slowdown in economic growth in 2015, the UK remains one of the best performing developed economies. Forecasts point towards GDP growth of 2.3% in 2016, similar to 2015 and close to trend, although the global economic backdrop is not as benign as last year.
  • 尽管2015年经济增长放缓,英国仍然是发达国家中表现最好的经济体之一。预计2016年GDP增长2.3%,与2015年接近,尽管全球经济预测依旧低迷
  • Low levels of development activity mean that shortages of quality space have become increasingly apparent. This, combined with improving occupier demand, should continue to underpin rental growth.  
  • 较少的开发量意味着高质量物业存量减少,同时租赁需求依然旺盛,引起租金继续增长
  • Annual rate of rental growth for distribution properties in 2016 is expected to be 4%
  •  预计物流仓库2016年租金增加4%
  • Overseas buyers remain highly active, accounting for nearly half of the value of purchases in 2015
  •  海外投资商依然活跃,在2015年接近总量50%的投资源于海外投资商
   

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 APP MONTHLY NEWSLETTER

19 JUNE 2017

 

 

 

Land Plot Sale

 

After the record breaking on both price per sqft. and total price of Murray Road land plot sale in mid May, Nan Fung’s acquisition of a Kai Tak commercial land breaks the record of highest total price of commercial land sale in Hong Kong again. The site, Area 1F Site 2, is sold at HK$24.6 billion with a price per sqft. of HK$12,863. The 204,990 sqft. site, which could yield a total gross floor area of 1.91 million square feet, are designed for offices, retail and hotel.

 

Kowloon East Office

 

The Link REIT and Nan Fung Group launched an a new grade A commercial building in Kwun Tong, The Quayside, a 24 storey building provides a total of 900,000 sqft. floor area with. Landlord's target rental rate is HK$30-40/sqft. JP Morgan has already pre-leased four and a half floors with a total of 225,000 sqft. at HK$30/sqft.

 

Central Office Leasing

 

Mainland financial institutions continue to move into grade A office in Central. Industrial Bank will lease two entire floors of 34,000 sqft of Three Garden Road at $110/sqft. Industrial Bank will occupy a total of four entire floors of the premises. The last major transaction of the premises is CMB International leased two entire floors at $110/sqft.

 

Investment

 

The Wellington at 198 Wellington Street was sold recently at HK$3 billion. It is the biggest en bloc transaction so far in 2017. With a total GFA of 100,000 sqft, current occupancy rate is close to 100% and the transacted price per sqft is approx. HK$30,000.

 

 

                  

 

 

 

   

APP MONTHLY NEWSLETTER 18 SEP 2017

 

APP Monthly Newsletter – 18 SEP 2017

Leasing Market

 

 

HKEX continues to expand rapidly in Central core building. Nano apartments for rental spread to luxury neighborhood in Southern District…Read more…

 

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