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CBRE Group Newsroom
CBRE Group Stock Rises 39.4% in 6 Months: Will the Trend Last?
CBRE Group: This year, Hong Kong property prices are expected to recover moderately, forecast to remain flat or increase by 5%.
On January 9, CBRE Group published its outlook for the Hong Kong Residence market in 2025.
CBRE Group predicts that Hong Kong property prices will increase by 0% to 5% this year.
CBRE Group released its outlook for the 2025 Hong Kong Residential market, predicting a modest recovery in property prices, with an increase of 0% to 5%. For newer properties (under 20 years old), property prices are expected to recover or remain stable. For older properties (over 40 years old), property prices may lag behind this increase. An increase in rental demand is anticipated, especially for one and two-bedroom units. The expected rise in rental demand could drive investment in the primary market. Higher rental returns can attract investors, supporting property price stability or growth. CBRE Group's Hong Kong Valuation and Consulting Services Director, Guo Wei'en, predicts that overall transactions in the property market will occur this year.
CBRE Group: This year, the vacancy rate of office buildings in Hong Kong is expected to rise to 18.9%, and Class A office rents are predicted to drop by another 10%.
CBRE Group stated that leasing activity in Hong Kong will seasonally slow down in the fourth quarter of 2024, with total leasing volume falling by 38% to 0.661 million square feet compared to the previous quarter.
Press Release: CBRE Group, Inc. Announces Details of Conference Call and Webcast for Fourth Quarter and Full-Year 2024 Financial Results
CBRE Group, Inc. Announces Details of Conference Call and Webcast for Fourth Quarter and Full-Year 2024 Financial Results
The entire 28th floor of the Enterprise Square in Kowloon Bay is for sale with an asking price of 0.109 billion yuan.
CBRE Group announced that it has been entrusted by the owner as the exclusive agent to privately offer the full floor of grade A office property at 28th floor, Enterprise Square Phase 3, located at 39 Hong Chow Road, Kowloon Bay for sale. The property is located on the 28th floor, with a construction area of approximately 16,100 square feet, and the owner's intended price is around 0.109 billion yuan, which translates to a price of 6,800 yuan per square foot. CBRE Group indicated that the Hong Kong commercial Real Estate market is adjusting, and many users and investors are taking the opportunity to enter the market at Low Stock Price. Recently, multiple transactions have been recorded in the same area, such as the Hong Kong home appliance brand, Miele, purchasing the top two floors of RYKADAN CAPITAL Building with parking spaces for self-use last November for 0.163 billion yuan.
Express News | CBRE Group Completes Turner & Townsend/Project Management Combination; Vincent Clancy Joins CBRE Board of Directors
CBRE Group: It is expected that the Volume of residential sales in Hong Kong will maintain its current level in January.
Guo Weien pointed out that in December, the volume of sales contracts for residential buildings softened after two consecutive months of increases. The volume in December dropped by 34.9% from the previous month to 4,103 transactions.
CBRE Group: The recovery of Real Estate in Europe is expected to accelerate in 2025.
CBRE Group anticipates a 15% increase in investment activities next year, with growth expected in the office, residence, and logistics markets.
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Jefferies Maintains CBRE Group(CBRE.US) With Buy Rating, Maintains Target Price $152
Jefferies Upgrades CBRE Group(CBRE.US) to Buy Rating, Raises Target Price to $152
We Think CBRE Group (NYSE:CBRE) Can Stay On Top Of Its Debt
According to reports, the entire building of "Harbour Tower" on Queen's Road Central has been sold at a 20% discount, with the new buyer being a Southeast Asian consortium.
The entire Grade A commercial building at 152 Queen's Road Central was jointly listed for sale by Colliers International and CBRE Group in August this year, with the bidding closing in early October. Local media quoted market sources indicating that several consortiums expressed interest during this period, ultimately being purchased by a consortium with Southeast Asian background, with a Fill Price of approximately 1.1 billion yuan, which is over 21% lower than the property's valuation at the time of bidding. Information shows that this Grade A building was completed in 2020, has 28 stories, and the ground to 15th floor can be used for banks, shops, Dining or retail purposes, while the 17th to 30th floors are designated for office use. Based on a total commercial area of approximately 80,876 square feet, the price per square foot is around 0.013 million yuan.
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CBRE Group: Property prices are trending towards stability and will continue until the Lunar New Year.
The Rating and Valuation Department announced today the Private Residence Price Indices for November, showing that residential prices continue to rebound, increasing by 0.1% month-on-month. Director of CBRE Group's Hong Kong Valuation and Consulting Services, Guo Wei'en, stated that as major Banks further lower their best lending rates, buyers continue to enter the market. This supports property prices from declining further. He also indicated that after five consecutive months of decline, residential prices have stabilized, and this trend is expected to continue at least until next Lunar New Year. The presidency of Trump is a significant uncertainty factor. Although future interest rates will slow down, developers and buyers may currently adopt a wait-and-see attitude. Additionally, the
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