{"id":102962,"date":"2019-01-15T07:00:48","date_gmt":"2019-01-15T00:00:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/start-ups-desire-to-stay-close-to-central-works-to-sheung-wans-advantage-says-property-investor\/"},"modified":"2019-01-15T08:03:22","modified_gmt":"2019-01-15T01:03:22","slug":"start-ups-desire-to-stay-close-to-central-works-to-sheung-wans-advantage-says-property-investor","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/start-ups-desire-to-stay-close-to-central-works-to-sheung-wans-advantage-says-property-investor\/","title":{"rendered":"Start-ups\u2019 desire to stay close to Central works to Sheung Wan\u2019s advantage, says property investor"},"content":{"rendered":"


\nDemand for office space in old buildings in Sheung Wan, close to Central, remain sought after by start-ups and small businesses who cannot afford exorbitant rents in the core business district, which have been pushed beyond their reach by mainland finance firms, according to a Hong Kong-based real estate fund.
\nMarket observers forecast rents in Central, which have risen above HK$100 (US$12.8) per square feet, to fall by up to 5 per cent this year, but that is small consolation to small…
\n
\nSource : South China Morning Post
\nRead more…Start-ups\u2019 desire to stay close to Central works to Sheung Wan\u2019s advantage, says property investor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Demand for office space in old buildings in Sheung Wan, close to Central, remain sought...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102962","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qMG","jetpack-related-posts":[{"id":85058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/multinationals-set-to-leave-hong-kongs-prime-office-district-central-in-search-of-cheaper-rents\/","url_meta":{"origin":102962,"position":0},"title":"Multinationals set to leave Hong Kong\u2019s prime office district Central in search of cheaper rents","date":"April 12, 2018","format":false,"excerpt":"\r More multinational companies will leave Hong Kong\u2019s Central district, where rents have become too expensive, with some even considering leaving the city altogether. Average office rents continue to rise in greater Central, which includes the districts of Central, Admiralty and Sheung Wan. In the first quarter, rents jumped by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloomy-outlook-for-central-office-rents-in-hong-kong-as-economic-storm-clouds-gather-analysts-say\/","url_meta":{"origin":102962,"position":1},"title":"Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say","date":"December 23, 2018","format":false,"excerpt":"\r Rents of grade A offices in Central, the most expensive globally, could see a decline of up to 6 per cent in 2019 after they dropped for the first time in November amid growing trade and economic concerns, according to analysts. Monthly office rents in Central and the surrounding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-reasons-why-sheung-wan-the-brooklyn-of-hong-kong-has-charisma\/","url_meta":{"origin":102962,"position":2},"title":"5 reasons why Sheung Wan, the \u2018Brooklyn of Hong Kong\u2019, has charisma","date":"March 16, 2016","format":false,"excerpt":"\r With its steep streets thronged with expats and Hong Kong natives, Sheung Wan is one of the territory\u2019s most charismatic enclaves Sheung Wan, Hong Kong Sheung Wan is ground zero for Hong Kong\u2019s cosmopolitan young expatriates, and it is not difficult to see why. The neighbourhood is a relatively\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-weigh-on-office-market-as-available-space-in-central-rises-to-14-year-high-rents-fall-3-2-per-cent\/","url_meta":{"origin":102962,"position":3},"title":"Hong Kong protests weigh on office market as available space in Central rises to 14-year high, rents fall 3.2 per cent","date":"October 4, 2019","format":false,"excerpt":"\r The outlook for Hong Kong\u2019s property market is bleak after rents for grade A office space in Central \u201csoftened significantly\u201d and availability climbed to a 14-year high in the third quarter.Cushman & Wakefield said on Thursday that tenants generally held off committing to relocations or expansions in the quarter\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56070,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mainland-consortium-bids-hk8-33b-to-win-kam-sheung-road-station-site\/","url_meta":{"origin":102962,"position":4},"title":"Hong Kong, mainland consortium bids HK$8.33b to win Kam Sheung Road station site","date":"May 26, 2017","format":false,"excerpt":"\r A consortium formed by Sino Land, China Overseas Land & Investment and K. Wah International won development rights for a residential project at West Rail\u2019s Kam Sheung Road station in Yuen Long with an upfront lump sum payment of HK$8.33 billion (US$1 billion). MTR Corp said Grand Ample, formed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171396,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-land-led-consortium-clinches-kam-sheung-road-phase-two-with-us1-7-billion-investment\/","url_meta":{"origin":102962,"position":5},"title":"Sino Land-led consortium clinches Kam Sheung Road Phase Two with US$1.7 billion investment","date":"April 21, 2026","format":false,"excerpt":"\r A consortium led by Sino Land and Great Eagle Holdings, alongside two major mainland Chinese developers, has won the tender for the Kam Sheung Road Station Phase Two development, signalling continued confidence in Hong Kong\u2019s Northern Metropolis and its long-term growth prospects. The group \u2013 which also includes state-backed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102962"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102962"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102962\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}