Trending News: In 2014, a former banker bought a 475,000-square-foot Connecticut wool mill that had lost 85 jobs; 12 years later, Jacob Long’s revived factory employs about 50 people and makes fabric for the US militaryUS weekly jobless claims fall to 194,000, near 57-year lowsAsian Para Games: Sheetal Devi’s double gold, Shailesh Kumar-led podium sweep headline India’s best day yet | Asian Para Games 2026 NewsEven sick leave needs approval here: Indian techie shares three months’ experience of moving from US to India on the same job, same companyChina’s stock market enters bear territory: 3 reasons behind the sell-offIndia Vs New Zealand: Sanju Samson special, Shreyas and Naman cameos help India pull off highest successful chase against New Zealand | Cricket NewsBuilt in 1800 and believed to have been used by British troops to spot French soldiers out at sea, a 10-foot-wide tower near Brighton is now a one-bedroom home for £200,000 | World NewsHangzhou 2022 feat repeated in Nagoya 2026: India claim gold, silver, bronze in men’s high jump T63 at Asian Para Games | Asian Para Games 2026 NewsIn 2014, Sofía Vergara bought a Beverly Hills villa for $10.6 million; after renovating it and asking $19.6 million in 2022, the 11,000-square-foot estate finally sold for $13.7 million after nearly two yearsIndian govt’s pro-wealth creation shift could be a global game-changer, says Jim RogersFirst time in history! India bowlers make unwanted record as New Zealand run riot | Cricket NewsIn 2017, a Florida woman had a daughter under a sperm donor agreement, and a man later named the child in his will; after his death, an October 21 court upheld denial of the child’s claim to his Florida homeWest Asia oil exports recover to over 90% of pre-conflict levels, but fuel costs may stay high: Jefferies‘Whenever you see me calm on the court and I’m losing, it could be because I don’t care’: Daniil Medvedev on why emotions matter | Tennis NewsIn 2004, Florida researchers used 36 recycled oyster shells per reef mat, helping restore Mosquito Lagoon reefs to around 1,000 live oysters per square metre | World News‘Our drones were very useful’: Donald Tusk pitches defence exports to India in talks with PM ModiSheetal Devi strikes double gold again! Indian archer repeats 2023 Asian Para Games medal feat in 2026 | Asian Para Games 2026 NewsA California geologist spotted a strange object sticking out of a creek; a Google reverse image search suggested it was an Ice Age mastodon tooth at least 10,000 years old | World NewsSBI Research sticks to 50-bps December rate hike forecast as inflation pressures widenAustralia fast bowler Megan Schutt handed two-match ban for medication breach | Cricket NewsBuilt in 1584 and abandoned in the 18th century, a roofless Scottish castle with original fireplaces and staircases is on sale for £120,000 | World NewsChina counts $30 billion in disaster losses in 9 months. What drove the damage?‘A number of players playing for their careers’: Simon Katich blasts batting approach as Australia fight to save 2nd Test | Cricket NewsTexas tenant disputed repair charges after his family moved out of a rental home; the appeals court upheld an $880 refund from his $1,950 security deposit and awarded court costs to the landlord | World NewsSheetal Devi, Toman Kumar win compound mixed team gold at Asian Para Games | Asian Para Games 2026 NewsWhy is glass transparent? – The HinduIran Strikes: US, Israel prepare for fresh Iran strikes after midterms as Tehran threatens with ‘Father of All Bombs’From China to India to Turkey, Canada is redrawing its trade map. What is at stake?Who is Suvarna Raj? Asian Para Games gold medallist who is also an advocate | Asian Para Games 2026 NewsAfter Musk punishes Ukraine, how exposed is India to foreign tech?Drones fall, strikes stall: How Musk’s Starshield curbs hit Zelenskyy’s war against RussiaMillions of bank customers hit by Google Cloud outage. Why regulators are concernedIND vs NZ: India’s T20 reboot begins amid travel fatigue, tight schedule and bowling concerns | Cricket NewsThe whales never stopped coming to Gujarat’s beaches, the watchers didBritish Indian stripped of OBE over rogue landlord allegationsBank of Korea holds rates at 3% but raises growth outlook. What comes next?Decoding the business of bringing Brazil, Uruguay, Panama to India for football friendlies | Football NewsIn Pakistan, Maldives President Mohamed Muizzu calls for early Saarc summitAsian Para Games 2026 Day 4 Live: Silver for Swati Chaudhary! Indian archer loses 4-6 in gold medal matchIn 2025, a relative of Subway co-founder Peter Buck bought a Connecticut warehouse held by another family for three generations for $6.75 million; now a $1.8 million renovation and 10,000-square-foot office are plannedRussia’s diesel deal with Trump faces a supply test as refinery attacks constrain exports‘I try to emulate his technique’: Temba Bavuma reveals Sachin Tendulkar influence after career-best 179 | Cricket NewsIn 1940, a Texas family acquired the ranch where generations grew pecan trees and spent holidays; 86 years later, they sold its 650 lakefront acres for more than $10 million so the land can become a state parkSilver lining! Preethi Pal wins second silver at Asian Para Games with sprint double | Asian Para Games 2026 NewsCincinnati’s 1948 Terrace Plaza Hotel has sat vacant since 2008; after two years of asbestos and mold removal, a tax valuation fight is now threatening another attempt to redevelop the landmark‘Every time I’m playing, it’s almost a win for me’: Yuki Bhambri on injuries and gratitude | Tennis NewsIn 2012, Jeff Gordon’s foundation helped open a cancer centre in Rwanda; by 2025, it had seen more than 18,000 patients and helped build care where treatment had once been almost out of reach‘The OG Tiger’: Delhi Capitals appoint former India spinner as spin bowling coach ahead of IPL 2027 | Cricket NewsBuilt in 1886, this Manhattan townhouse was bought for $8.8 million in 2012 and transformed in a multimillion-dollar renovation that added a 41-foot indoor pool; now, after a $1 million price cut, it is listed for $10.45 millionWhere India stands in Asian Para Games medal tally after 27-medal rush, including five golds | Asian Para Games 2026 NewsIn 1902, Pennsylvania began buying nearly treeless, fire-damaged land for just 18 cents to $2 an acre; decades of replanting added more than a million trees and helped build Promised Land State Park‘Everyone has shown the competence to beat everyone else’: Gary Stead warns New Zealand against taking home advantage for granted | Cricket NewsIn 2019, reality star Eva Marcille bought a Georgia home for $780,000; seven years later, her homeowners association is suing for over $22,000 over alleged unpaid charges and maintenance violations she disputesFSSAI issues notices to Nestle India, Zydus Wellness over alleged misleading product claimsAsian Para Games 2026: India’s full schedule for October 22; medal events and timings | Asian Para Games 2026 NewsFred MacMurray raised cattle on his 1,750-acre California ranch; part of it, the 52-acre Flax Estate and Vineyard, now owned by Jeffrey Ubben and Laurie Ubben, lists for $22 million after their $21 million purchase in 2016When and where to watch IND vs NZ first T20I: Match date, time, venue and live streaming details | Cricket NewsScientists tracked glacier cliffs using 15,330 satellite observations and found a surprise: some retreated faster than predicted but then stabilized instead of collapsing endlesslyJio Platforms IPO subscribed nearly 3x on Day 1 as QIB demand surges to 9xJalaj Saxena equals Bishan Singh Bedi as Kerala notch up innings win against Odisha in Ranji Trophy | Cricket NewsIn 2020, a 30-foot dead tree limb fell on a 28-year-old physics student jogging in a Sacramento park; six years later, a jury awarded him $33.3 million after finding the city responsibleRubio visits Reliance’s Jamnagar refinery as US eyes deeper India energy tiesRanji Trophy: Jalaj Saxena’s five-for powers Kerala to innings win over Odisha; Mumbai notch second bonus-point victory | Cricket NewsA Roman stone coffin found at Westminster Abbey in 1869 bore the name of a man from 1,600 years ago, but new tests date the skeleton inside to AD 987–1052; archaeologists say it may be one of two medieval abbotsAsian Para Games: Simran, Praveen Kumar, Sachin Khilari shine as India’s medal tally swells to 62 | Asian Para Games 2026 NewsAfter 12 years of demolition threats, residents of two 1960s London housing estates may finally keep their homes; Lambeth Council has proposed abandoning the rebuild plans, with a cabinet decision due October 21‘Every country has national interests’: What Marco Rubio’s trade message means for IndiaSteve Smith joins Ricky Ponting, Allan Border in elite Australian club, fifth-fastest to 11K Test runs | Cricket NewsDelaware marked its state parks’ 75th anniversary by planting its 75,000th tree, completing a five-year goal across 17 parks while a broader program aims for one million new trees by 2030Jio IPO gives rupee a boost, but surging oil prices spoil the partySwimming in success: Ravi Budigina claims silver in 100m backstroke, Himanshu Nandal wins bronze in 100m breaststroke at Para Asian Games | Asian Para Games 2026 NewsDave Bautista worked as a bouncer and borrowed money for his daughters’ Christmas gifts before becoming a WWE star; he later built a second career as a Hollywood actor | World NewsJio IPO set to break mega-IPO jinx: Strong day 1 demand, 25% GMP fuel hopes of blockbuster listingAsian Para Games 2026: India races past 50 medals as Simran and Dilip Gavit deliver gold in 100m events | Asian Para Games 2026 NewsA Boston school custodian donated his kidney to a stranger to save his colleague’s younger brother; a year later, both men were doing well | World NewsBlackRock, GIC, Fidelity: Who are the global investment giants betting on Jio’s Rs 30,213-crore IPO?From husband and wife to business partners: How Neeraj Chopra and Himani Mor are building a sports business to create a lasting legacy | More sports NewsScientists unearth new instance of ‘contagious cancer’ in animalsIn Missouri, a couple bought land with no road access and sought a 40-foot strip through their neighbour’s property; a 2026 appeals court reversed the ruling that would have given them ownership of the roadIndia-Poland trade at $6.36 billion. Can defence and technology take it to $10 billion?Ishan Kishan on the verge of three major T20 records as India take on New Zealand | Cricket NewsFirst Nation community in Canada uses data centre to preserve its heritageA Missouri widow changed a family trust and a later amendment gave $220,000 to a beneficiary; after a court ordered repayment, an October 20 ruling dismissed her appeal as too lateAnthropic’s $80 billion loss explained: Why its AI business still faces a big test‘Bhuvi will love these conditions’: Why New Zealand fear India’s returning ‘Swing King’ Bhuvneshwar Kumar | Cricket NewsFlorida scientists tracked 142 invasive Burmese pythons for 20 years and found that all four expelled tracking devices came from pregnant females |Jio IPO draws strong institutional demand: What investors need to knowAsian Para Games 2026: Bhagyashri Jadhav wins silver with personal best in shot put | Asian Para Games 2026 NewsA Kandinsky masterpiece stolen by the Nazis in 1940 was returned to the heirs of its Jewish owners in 2023; the 1907 painting has now sold at auction for nearly $42 millionJio IPO becomes fastest-subscribed among India’s mega-IPOs, beats Hyundai and LG Electronics‘He can’t walk in right now’: Shreyas Iyer says Vaibhav Sooryavanshi has ‘more years to get opportunities’ | Cricket NewsMeet Dev Rai, the Indian-American Virginia student who founded a nonprofit at 15 to help artisans in India; two years later, it has supported over 400 craftspeople, sold 900 products and mobilised 300 volunteersRupee rises 15 paise to 94.78 as Jio IPO inflows and RBI support lift sentimentHarmanpreet Kaur breaks down on live TV after sensational 91, reveals what has changed | Cricket NewsPete Davidson sold his Staten Island condo at a $400,000 loss; the comedian had owned the property before putting it on the market in 2026 |Asian Para Games High Jump: Asian Para Games 2026: Praveen Kumar wins gold as India secure 1-2 finish in high jump | Asian Para Games 2026 NewsA newly built Nando’s drive-through in Australia sold for $5.845 million; its 15-year lease generates $319,035 a year, with rent rising 3% annually | World News‘Play the ball as late as possible’: Sunil Gavaskar’s advice to India batters for New Zealand Tests | Cricket NewsIn 1971, a hijacker vanished with $200,000; in 1980, an 8-year-old found part of the ransom on a Washington riverbank, and a damaged $20 note from the discovery sold for $134,200 at auction in 2026‘Extraordinary capacity to refine’: What Rubio’s Reliance remarks mean for India’s oil industry
Thu. Oct 22nd, 2026
Trending News: In 2014, a former banker bought a 475,000-square-foot Connecticut wool mill that had lost 85 jobs; 12 years later, Jacob Long’s revived factory employs about 50 people and makes fabric for the US militaryUS weekly jobless claims fall to 194,000, near 57-year lowsAsian Para Games: Sheetal Devi’s double gold, Shailesh Kumar-led podium sweep headline India’s best day yet | Asian Para Games 2026 NewsEven sick leave needs approval here: Indian techie shares three months’ experience of moving from US to India on the same job, same companyChina’s stock market enters bear territory: 3 reasons behind the sell-offIndia Vs New Zealand: Sanju Samson special, Shreyas and Naman cameos help India pull off highest successful chase against New Zealand | Cricket NewsBuilt in 1800 and believed to have been used by British troops to spot French soldiers out at sea, a 10-foot-wide tower near Brighton is now a one-bedroom home for £200,000 | World NewsHangzhou 2022 feat repeated in Nagoya 2026: India claim gold, silver, bronze in men’s high jump T63 at Asian Para Games | Asian Para Games 2026 NewsIn 2014, Sofía Vergara bought a Beverly Hills villa for $10.6 million; after renovating it and asking $19.6 million in 2022, the 11,000-square-foot estate finally sold for $13.7 million after nearly two yearsIndian govt’s pro-wealth creation shift could be a global game-changer, says Jim RogersFirst time in history! India bowlers make unwanted record as New Zealand run riot | Cricket NewsIn 2017, a Florida woman had a daughter under a sperm donor agreement, and a man later named the child in his will; after his death, an October 21 court upheld denial of the child’s claim to his Florida homeWest Asia oil exports recover to over 90% of pre-conflict levels, but fuel costs may stay high: Jefferies‘Whenever you see me calm on the court and I’m losing, it could be because I don’t care’: Daniil Medvedev on why emotions matter | Tennis NewsIn 2004, Florida researchers used 36 recycled oyster shells per reef mat, helping restore Mosquito Lagoon reefs to around 1,000 live oysters per square metre | World News‘Our drones were very useful’: Donald Tusk pitches defence exports to India in talks with PM ModiSheetal Devi strikes double gold again! Indian archer repeats 2023 Asian Para Games medal feat in 2026 | Asian Para Games 2026 NewsA California geologist spotted a strange object sticking out of a creek; a Google reverse image search suggested it was an Ice Age mastodon tooth at least 10,000 years old | World NewsSBI Research sticks to 50-bps December rate hike forecast as inflation pressures widenAustralia fast bowler Megan Schutt handed two-match ban for medication breach | Cricket NewsBuilt in 1584 and abandoned in the 18th century, a roofless Scottish castle with original fireplaces and staircases is on sale for £120,000 | World NewsChina counts $30 billion in disaster losses in 9 months. What drove the damage?‘A number of players playing for their careers’: Simon Katich blasts batting approach as Australia fight to save 2nd Test | Cricket NewsTexas tenant disputed repair charges after his family moved out of a rental home; the appeals court upheld an $880 refund from his $1,950 security deposit and awarded court costs to the landlord | World NewsSheetal Devi, Toman Kumar win compound mixed team gold at Asian Para Games | Asian Para Games 2026 NewsWhy is glass transparent? – The HinduIran Strikes: US, Israel prepare for fresh Iran strikes after midterms as Tehran threatens with ‘Father of All Bombs’From China to India to Turkey, Canada is redrawing its trade map. What is at stake?Who is Suvarna Raj? Asian Para Games gold medallist who is also an advocate | Asian Para Games 2026 NewsAfter Musk punishes Ukraine, how exposed is India to foreign tech?Drones fall, strikes stall: How Musk’s Starshield curbs hit Zelenskyy’s war against RussiaMillions of bank customers hit by Google Cloud outage. Why regulators are concernedIND vs NZ: India’s T20 reboot begins amid travel fatigue, tight schedule and bowling concerns | Cricket NewsThe whales never stopped coming to Gujarat’s beaches, the watchers didBritish Indian stripped of OBE over rogue landlord allegationsBank of Korea holds rates at 3% but raises growth outlook. What comes next?Decoding the business of bringing Brazil, Uruguay, Panama to India for football friendlies | Football NewsIn Pakistan, Maldives President Mohamed Muizzu calls for early Saarc summitAsian Para Games 2026 Day 4 Live: Silver for Swati Chaudhary! Indian archer loses 4-6 in gold medal matchIn 2025, a relative of Subway co-founder Peter Buck bought a Connecticut warehouse held by another family for three generations for $6.75 million; now a $1.8 million renovation and 10,000-square-foot office are plannedRussia’s diesel deal with Trump faces a supply test as refinery attacks constrain exports‘I try to emulate his technique’: Temba Bavuma reveals Sachin Tendulkar influence after career-best 179 | Cricket NewsIn 1940, a Texas family acquired the ranch where generations grew pecan trees and spent holidays; 86 years later, they sold its 650 lakefront acres for more than $10 million so the land can become a state parkSilver lining! Preethi Pal wins second silver at Asian Para Games with sprint double | Asian Para Games 2026 NewsCincinnati’s 1948 Terrace Plaza Hotel has sat vacant since 2008; after two years of asbestos and mold removal, a tax valuation fight is now threatening another attempt to redevelop the landmark‘Every time I’m playing, it’s almost a win for me’: Yuki Bhambri on injuries and gratitude | Tennis NewsIn 2012, Jeff Gordon’s foundation helped open a cancer centre in Rwanda; by 2025, it had seen more than 18,000 patients and helped build care where treatment had once been almost out of reach‘The OG Tiger’: Delhi Capitals appoint former India spinner as spin bowling coach ahead of IPL 2027 | Cricket NewsBuilt in 1886, this Manhattan townhouse was bought for $8.8 million in 2012 and transformed in a multimillion-dollar renovation that added a 41-foot indoor pool; now, after a $1 million price cut, it is listed for $10.45 millionWhere India stands in Asian Para Games medal tally after 27-medal rush, including five golds | Asian Para Games 2026 NewsIn 1902, Pennsylvania began buying nearly treeless, fire-damaged land for just 18 cents to $2 an acre; decades of replanting added more than a million trees and helped build Promised Land State Park‘Everyone has shown the competence to beat everyone else’: Gary Stead warns New Zealand against taking home advantage for granted | Cricket NewsIn 2019, reality star Eva Marcille bought a Georgia home for $780,000; seven years later, her homeowners association is suing for over $22,000 over alleged unpaid charges and maintenance violations she disputesFSSAI issues notices to Nestle India, Zydus Wellness over alleged misleading product claimsAsian Para Games 2026: India’s full schedule for October 22; medal events and timings | Asian Para Games 2026 NewsFred MacMurray raised cattle on his 1,750-acre California ranch; part of it, the 52-acre Flax Estate and Vineyard, now owned by Jeffrey Ubben and Laurie Ubben, lists for $22 million after their $21 million purchase in 2016When and where to watch IND vs NZ first T20I: Match date, time, venue and live streaming details | Cricket NewsScientists tracked glacier cliffs using 15,330 satellite observations and found a surprise: some retreated faster than predicted but then stabilized instead of collapsing endlesslyJio Platforms IPO subscribed nearly 3x on Day 1 as QIB demand surges to 9xJalaj Saxena equals Bishan Singh Bedi as Kerala notch up innings win against Odisha in Ranji Trophy | Cricket NewsIn 2020, a 30-foot dead tree limb fell on a 28-year-old physics student jogging in a Sacramento park; six years later, a jury awarded him $33.3 million after finding the city responsibleRubio visits Reliance’s Jamnagar refinery as US eyes deeper India energy tiesRanji Trophy: Jalaj Saxena’s five-for powers Kerala to innings win over Odisha; Mumbai notch second bonus-point victory | Cricket NewsA Roman stone coffin found at Westminster Abbey in 1869 bore the name of a man from 1,600 years ago, but new tests date the skeleton inside to AD 987–1052; archaeologists say it may be one of two medieval abbotsAsian Para Games: Simran, Praveen Kumar, Sachin Khilari shine as India’s medal tally swells to 62 | Asian Para Games 2026 NewsAfter 12 years of demolition threats, residents of two 1960s London housing estates may finally keep their homes; Lambeth Council has proposed abandoning the rebuild plans, with a cabinet decision due October 21‘Every country has national interests’: What Marco Rubio’s trade message means for IndiaSteve Smith joins Ricky Ponting, Allan Border in elite Australian club, fifth-fastest to 11K Test runs | Cricket NewsDelaware marked its state parks’ 75th anniversary by planting its 75,000th tree, completing a five-year goal across 17 parks while a broader program aims for one million new trees by 2030Jio IPO gives rupee a boost, but surging oil prices spoil the partySwimming in success: Ravi Budigina claims silver in 100m backstroke, Himanshu Nandal wins bronze in 100m breaststroke at Para Asian Games | Asian Para Games 2026 NewsDave Bautista worked as a bouncer and borrowed money for his daughters’ Christmas gifts before becoming a WWE star; he later built a second career as a Hollywood actor | World NewsJio IPO set to break mega-IPO jinx: Strong day 1 demand, 25% GMP fuel hopes of blockbuster listingAsian Para Games 2026: India races past 50 medals as Simran and Dilip Gavit deliver gold in 100m events | Asian Para Games 2026 NewsA Boston school custodian donated his kidney to a stranger to save his colleague’s younger brother; a year later, both men were doing well | World NewsBlackRock, GIC, Fidelity: Who are the global investment giants betting on Jio’s Rs 30,213-crore IPO?From husband and wife to business partners: How Neeraj Chopra and Himani Mor are building a sports business to create a lasting legacy | More sports NewsScientists unearth new instance of ‘contagious cancer’ in animalsIn Missouri, a couple bought land with no road access and sought a 40-foot strip through their neighbour’s property; a 2026 appeals court reversed the ruling that would have given them ownership of the roadIndia-Poland trade at $6.36 billion. Can defence and technology take it to $10 billion?Ishan Kishan on the verge of three major T20 records as India take on New Zealand | Cricket NewsFirst Nation community in Canada uses data centre to preserve its heritageA Missouri widow changed a family trust and a later amendment gave $220,000 to a beneficiary; after a court ordered repayment, an October 20 ruling dismissed her appeal as too lateAnthropic’s $80 billion loss explained: Why its AI business still faces a big test‘Bhuvi will love these conditions’: Why New Zealand fear India’s returning ‘Swing King’ Bhuvneshwar Kumar | Cricket NewsFlorida scientists tracked 142 invasive Burmese pythons for 20 years and found that all four expelled tracking devices came from pregnant females |Jio IPO draws strong institutional demand: What investors need to knowAsian Para Games 2026: Bhagyashri Jadhav wins silver with personal best in shot put | Asian Para Games 2026 NewsA Kandinsky masterpiece stolen by the Nazis in 1940 was returned to the heirs of its Jewish owners in 2023; the 1907 painting has now sold at auction for nearly $42 millionJio IPO becomes fastest-subscribed among India’s mega-IPOs, beats Hyundai and LG Electronics‘He can’t walk in right now’: Shreyas Iyer says Vaibhav Sooryavanshi has ‘more years to get opportunities’ | Cricket NewsMeet Dev Rai, the Indian-American Virginia student who founded a nonprofit at 15 to help artisans in India; two years later, it has supported over 400 craftspeople, sold 900 products and mobilised 300 volunteersRupee rises 15 paise to 94.78 as Jio IPO inflows and RBI support lift sentimentHarmanpreet Kaur breaks down on live TV after sensational 91, reveals what has changed | Cricket NewsPete Davidson sold his Staten Island condo at a $400,000 loss; the comedian had owned the property before putting it on the market in 2026 |Asian Para Games High Jump: Asian Para Games 2026: Praveen Kumar wins gold as India secure 1-2 finish in high jump | Asian Para Games 2026 NewsA newly built Nando’s drive-through in Australia sold for $5.845 million; its 15-year lease generates $319,035 a year, with rent rising 3% annually | World News‘Play the ball as late as possible’: Sunil Gavaskar’s advice to India batters for New Zealand Tests | Cricket NewsIn 1971, a hijacker vanished with $200,000; in 1980, an 8-year-old found part of the ransom on a Washington riverbank, and a damaged $20 note from the discovery sold for $134,200 at auction in 2026‘Extraordinary capacity to refine’: What Rubio’s Reliance remarks mean for India’s oil industry
Thu. Oct 22nd, 2026

Hong Kong’s small office landlords turn to co-working, student hostels to survive

Hong Kong’s small office landlords turn to co-working, student hostels to survive



Hong Kong’s struggling office landlords are ramping up efforts to convert their assets into co-working spaces and student accommodation in a bid to adapt to intense competition and the flight to quality, according to analysts.

With some 3.5 million sq ft of new premium office space expected to be completed this year and next, on top of the 4.5 million sq ft added in 2024 and 2025, tenants are increasingly choosing to relocate to new and modern offices, leading to diverging fortunes for big established landlords and non-premium asset owners.

“The persistent ‘flight to quality’ creates a profound and escalating challenge for owners of older, non-prime office buildings,” said Jack Tong, director for research and consultancy at Savills Hong Kong.

“As corporates from high-value sectors consolidate into modern, ESG [environmental, social and governance]-compliant buildings, the demand for secondary space contracts to smaller local businesses, back-office functions and start-ups – all of which are highly price sensitive and have more options.”

This situation is forcing landlords to offer significant rent concessions to keep tenants.

“For [many] landlords, asset obsolescence is no longer a distant risk but an immediate threat to cash flow and asset viability,” Tong said.

    • Media365

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