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2021/05/10 16:45 HONG KONG SAR - Media OutReach - 10 May 2021 - Cushman & Wakefield Hong Kong has announced the expansion of its Retail Services team with the appointment of
Baldwin Ko as Reporting directly to
Kevin Lam, Cushman & Wakefield Hong Kong s Executive Director & Head of Retail Services, Ko will be responsible for expanding the asset enhancement services and business partnerships of the Retail Services team in Hong Kong. Ko is a seasoned real estate professional with a strong entrepreneurial background, as well as all-round experience in retail operations and management. He co-founded the first agnes b. DELICES – the French lifestyle company s chocolate brand, and also launched the first Vivienne Westwood café in Hong Kong.
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The work from home trend could be bad news for Singapore’s office landlords
In today’s roundup of regional news headlines, Knight Frank issues a bearish forecast for Singapore office rents, official figures show a cooling China housing market, and Hong Kong’s first major property launch of the year draws a horde of eager buyers.
Property consultancy Knight Frank is expecting office rents in Singapore to fall by around 5 percent in 2021 before bottoming out and recovering in the following year, barring new strains of the COVID-19 virus and consequent lockdowns.
This comes amid a projected 5.3 million square feet of new supply islandwide from Q4 2020 to 2023, with central business district occupancy for the period estimated to hit 94.1 percent and overall prime office rents to average S$10.16 ($7.62) per square foot per month.