Hong Kong's commercial real estate investment deal count is expected to reach 50 in the first half of this year, with total consideration at HK$28 billion, which is a 35 percent year-on-year decline but up 28 percent from 2020, said Cushman & Wakefield.
Although Covid has slowed the investment activities down in the period and delayed decision making by investors, it has not diminished investment confidence in the city, said the real estate services firm.
Full year's transactions is expected to reach HK$70 billion, outperforming 2020 and 2019 levels, it added.
Meanwhile, its peer Savills said the ground, first and second floor of The Icon at 320-322 Kwun Tong Road has been put on the market. With a gross area of 23,025 square feet, the refurbished property includes a luxurious lobby and multi-purpose space on the ground floor, and modern industrial workshops on the other two.
Separately, Kerry Properties (0683) has appointed Dennis Au Hing-lun as its deputy chief executive and an executive director with immediate effect.
Au is entitled to receive a remuneration of HK$5.8 million for the rest of this year and will be entitled to receive a discretionary bonus, the developer said in a filing.
