--- title: "In \"Hong Kong Property,\" Centaline (Commercial Shops): In November, there were 327 transactions of commercial shops, a month-on-month increase of 24%, involving nearly HKD 6 billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/268886509.md" description: "According to the report from Zhongyuan (Commercial Shop), there were 327 transactions in the Hong Kong commercial shop market in November, an increase of 24% month-on-month, involving an amount of nearly HKD 6 billion. Although the transaction amount decreased compared to October, there were still significant large transactions supporting the market. The office market performed outstandingly, with a substantial year-on-year increase in the number of transactions. The shop market also rebounded, with both the number of transactions and the amount increasing" datetime: "2025-12-08T02:24:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/268886509.md) - [en](https://longbridge.com/en/news/268886509.md) - [zh-HK](https://longbridge.com/zh-HK/news/268886509.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/268886509.md) | [繁體中文](https://longbridge.com/zh-HK/news/268886509.md) # In "Hong Kong Property," Centaline (Commercial Shops): In November, there were 327 transactions of commercial shops, a month-on-month increase of 24%, involving nearly HKD 6 billion Pan Zhiming, the Managing Director of Zhongyuan (Commercial Properties), stated that in November, the commercial property market recorded approximately 327 transactions, representing a month-on-month and year-on-year increase of about 23.86% and 17.2%, respectively. In terms of transaction value, due to the significant transaction of approximately HKD 7.2 billion at One Island East in October, the monthly transaction value for November reached about HKD 9.944 billion, leading to a slight decline in November's commercial property transaction value. However, supported by several large transactions, it still recorded approximately HKD 5.994 billion, a month-on-month decrease of about 39.72%, but a year-on-year increase of about 3.8%. The most notable transaction in November was the entire building of China Huarong Tower at 60 Gloucester Road, Wan Chai, which has 28 floors and a total floor area of approximately 95,515 square feet, priced at about HKD 1.16 billion, with an average price of about HKD 12,144 per square foot. It is understood that the property was formerly known as Wing Hang Financial Centre, purchased and renovated by Emperor Group for about HKD 1.588 billion in 2013, and has been leased in its entirety by Huarong Asset Management since 2015, with a net rental income of approximately HKD 50.22 million after tax as of March this year. Based on the transaction price, Emperor Group faces a book loss of about HKD 428 million, a loss of about 27%. The new buyer of the property is OCBC Wing Hang Bank (Hong Kong), which is expected to use it for its own purposes after the lease ends at the end of the year. Among the three major categories of commercial properties, office buildings attracted the most market attention, with approximately 80 transactions recorded in November, an increase of about 53.85% from the previous month, and a significant year-on-year increase of about 2.3 times. In terms of transaction value, November recorded approximately HKD 4.025 billion, a month-on-month decrease of about 48.65%, but a year-on-year increase of about 25.83%. The market also recorded several significant Grade A office transactions during the month, including the sale of floors 36 and 37 of the Bank of America Tower in Central, held by Wing Lung Group, with a total transaction price of about HKD 460 million and a price per square foot of about HKD 18,000. In addition, the retail property market saw a resurgence in transactions in November, with approximately 61 transactions recorded throughout the month, representing a month-on-month and year-on-year increase of about 38.64% and about 3.39%, respectively. The transaction value was approximately HKD 911 million, a month-on-month increase of about 12.39%, but a year-on-year decrease of about 29.85%. The commercial market in November saw a narrowing increase, with approximately 186 transactions recorded, a month-on-month increase of about 10.71%, but a slight year-on-year decrease of 5.1%. The transaction value was approximately HKD 1.056 billion, with month-on-month and year-on-year decreases of about 18.23% and 17.16%, respectively. He analyzed that as Hong Kong officially enters a rate-cutting cycle, investors, enterprises, and consortiums are re-evaluating their asset portfolios, leading to a series of commercial property sales that have quickly found market acceptance, resulting in multiple large transactions in the fourth quarter. Among them, McDonald's announced in July this year the sale of eight of its locations, with half already sold and the remaining locations believed to be under negotiation, reflecting a very active trading environment in the commercial property market. The trading market is typically quieter at the end of the year, but driven by several large transactions, it is believed that the commercial property market in December can maintain a heated trading atmosphere ## Related News & Research - [11:01 ETPureHealth Research Liver Health Supplements Target Fatty Liver for Improved Daily Energy](https://longbridge.com/en/news/281689012.md) - [Karur Vysya Bank Confirms SEBI-Compliant Dematerialisation of Shares for Q4 FY26](https://longbridge.com/en/news/281688648.md) - [ZAWYA: Yas Waterworld expansion is now open to guests](https://longbridge.com/en/news/281689225.md) - [ZAWYA: Du announces enhanced connectivity support and services for SMEs and startups across the UAE](https://longbridge.com/en/news/281688775.md) - [ZAWYA: Jazeera Airways network grows with three new cities - Peshawar, Sialkot and Coimbatore](https://longbridge.com/en/news/281688638.md)