Property News · February 13, 2019

Hong Kong’s SFC throws in the towel on Central rents, signs on for new office space at One Island East


The Securities and Futures Commission (SFC) plans to move out of its Central office to save on rental costs as it forecasts a deficit of HK$230 million (US$29.3 million) for the year ahead.
The city’s securities regulator has taken out an eight-year lease in Swire Properties’ One Island East in Quarry Bay.
The move, set to take place under a lease beginning in January 2020, would likely reduce office rental costs for the regulator by about half, according to an agenda published…

Source : South China Morning Post
Read more…Hong Kong’s SFC throws in the towel on Central rents, signs on for new office space at One Island East

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