BUSINESSSCMP WORLD
Rare 6-month office flip suggests Hong Kong’s prime market is stabilising
A rare 6-month office flip in Hong Kong's prime market saw a 5,400 sq ft office on the 37th floor of Far East Finance Centre in Admiralty sold for HK$108 million, reflecting a 19% gain and suggesting market stabilization. The transaction indicates improving conditions influencing investment decisions in the city's top-tier office locations.
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- Hong Kong’s property market set to cool despite run of record-breaking deals
- Hong Kong’s office market: Central booms, but noncore areas struggle
- Rare momentum: Hong Kong universities, schools prop up commercial property market
- Rare momentum: Hong Kong universities, schools prop up commercial property market
- Hong Kong prime office vacancy hits 7-month low on Central spillover demand