Xtra Furniture Freedom Chair
West Kowloon Terminus takes shape after years of delay
TERMINUS TO FUNCTION MORE LIKE AN INTERNATIONAL AIRPORT THAN A RAIL STATION BY Zoe Phoon The 380,000sq m multi-storey high speed rail (HSR) terminus station looks awe-inspiring and it will probably be the world’s largest below ground terminus. It’s designed by Andrew Bromberg at Aedas, a leading global architecture... Read more
Rising demand for co-working office space in HK
Leasing activity remains robust in Hong Kong, despite a contraction of the occupier market, and this is largely led by demand from co-working and serviced office operators looking out for expansion opportunities. According to the latest Monthly Market Monitor on Hong Kong by Jones Lang LaSalle, as at June... Read more
World’s most expensive office markets revealed
HONG KONG, LONDON AND NEW YORK TOP THE LIST Hong Kong (Central) and London’s West End continue to command the highest prime office occupancy costs in the world, says CBRE Research’s annual Global Prime Office Occupancy Costs report. Hong Kong central district’s overall prime occupancy costs of US$303psf (US$1... Read more
Brace for profound digital disruption
BUT, OVERALL, THAT’S A GOOD THING, SAYS ASIA-PAC SYMPOSIUM The fact that global digital transformation has had an impact on almost every industry on the planet is hardly news to anybody who has been an active participant in the workforce over the last decade. What’s strange is, real estate... Read more
KL among cities that matter most to world’s most wealthy
BY Zoe Phoon Kuala Lumpur’s overall rank, in terms of urban power, is 31st out of 40 cities ranked in Europe, North America, Asia, Australasia, the Middle East and Latin America, according to the Knight Frank City Wealth Index 2017. While, it sits on the bottom half of this... Read more
Hong Kong stamp duty tax fails to curb price growth
A report on residential sales performance in Hong Kong by Jones Lang LaSalle (JLL) revealed that the mass residential capital value index climbed 0.5 per cent over the last two months. This indicates that the stamp duty hike of 15 per cent on all residential transactions has failed to... Read more
Asian UHNWIs target key Western markets
BY Zoe Phoon  Trends of the decade in Knight Frank’s The Wealth Report 2016 show that ten years ago, ultra high net worth individual (UHNWI) investors looked to trusted Central London office locations particularly Mayfair, High Street Kensington and core City. The more adventurous ventured into Soho or Covent... Read more
Titijaya receives encouraging response for 3rdNvenue
Titijaya Land Bhd received an overwhelming response for its project called 3rdNvenue in the capital’s Embassy Row during its private preview of Phase 1 earlier this week. The mixed-development project, which will be jointly developed by Titijaya Land and CREC Development (M) Sdn Bhd, has a gross development value... Read more
M’sia has ‘excellent’ house price time series, says research firm
Malaysia is among the ex-British colonies including Hong Kong and Singapore to have good house price statistics, according to residential property investment research firm Global Property Guide (GPG). It said Malaysia, Hong Kong and Singapore all have “excellent” house price time series, the best being Hong Kong where the... Read more
HK residential prices up 5% in 2017
Jones Lang LaSalle’s year-end Residential and Land Market Review 2016 predicts that residential prices in Hong Kong will rise by about 5 per cent next year. According to the financial and professional services firm land prices rebounded in the second half of 2016 as more prime sites were made... Read more