Central supply of Hong Kong Island new commercial pre – rent ideal
Central commercial supply less, the recent Hong Kong Island business district has a new supply, pre-rent situation is ideal.
According to the rental statistics of the monthly commercial rents, the rent for the Middle East is about 184.1 yuan, up by about 0.3% on a monthly basis, up about 4.8% year-on-year. The overall rent of the Central Commercial Building is about $ 148.6, 7.2%, reflected in the Chinese-funded institutions under the rent, the Central commercial rent is still up. As for the other Hong Kong Island business district full-line increase, May Murray Road land to high prices, close to the land of the Admiralty business district, rent rose 1.9%, outperform Central.
Lee Park 3 full rent full floor rent 65
Central China Commercial Building supply less, and this year there are Causeway Bay Lee Park 3 completed in recent months, pre-rent, the response is good, Taiwan Cathay Pacific Bank of China pre-rent Xi Shen (00014) Lee Lee Park 3 (former Xinning Building) full Floor, feet rent about 65 yuan. It is reported that there are still two Taiwan-funded institutions to rent the building, can save rental expenses. The company has been rented by the financial institutions last year. The market news refers to the total floor area of the park, covering an area of about 17,000 square feet and renting about 65 yuan per square foot.
It is reported that the new tenant is Taiwan’s Cathay Pacific Bank, is a large commercial bank in Taiwan, the current rental of LHT Tower units in Central, foot stuffing more than 100 yuan, the relocation can save a certain amount of rental expenses. At present, there are still a number of institutions to rent the rent of the park 3, including Taiwan Bank and Wing Fung Financial Holdings, are Taiwan-funded large financial institutions.
Landmark East is rented on top floor
Shexian held Xinxian Road Xinning Building and Xinning Court, for the region’s well-known commercial buildings and residential, the group early to apply for the reconstruction of Cheng Yuyuan 3 for large shopping malls and commercial development, the construction of 27-storey commercial buildings, Started, involving the floor about 462,000 square feet, completed in the fourth quarter of this year.
As for East Kowloon, the top floor of the Landmark East in Kwun Tong is leased on a 43-storey building with an area of about 15,000 sq ft and is rented at about $ 35 per sq ft. It is reported that the unit was originally used by the owners, for its real estate demonstration units for use. New tenant for financial website AASTOCKS AASTOCKS, providing financial information and Hong Kong stocks instant quotes. The agency is using Sheung Wan Li Po Chun Building units, which is expected to cover about $ 42 per cent rent.
Knight Frank, the expansion of China-funded investment, into the Central commercial rent rise, but the supply is limited, but Causeway Bay and Hong Kong East, one after another with a new project completed, to give tenants choice. The bank is expected to continue to rise in the ring, and with the summer approaching, many institutions will expand or integrate business deployment, I believe that rent increases, is expected to increase the supply of Kowloon East, rental activities active.