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HAECO to Form Joint Venture With Sun Group, Toyota Tsusho and Japan Airlines for New Aircraft Maintenance Facility at Van Don International Airport
Lujiazui Taikoo Yuan Residences Achieves Record-Breaking Prices in Final Batch of Sales
Central and Western District: The overall rateable value of office buildings has declined for six consecutive years, cumulatively falling by 34%, with premium-grade office space down 10% year-on-year.
Ms. Yang Mingyi, Senior Associate Director of Research at Centaline Property, noted that based on rateable value data from 37 prime and Grade A benchmark office buildings, the overall office rental values continued to decline in 2025, falling by 8% year-on-year with an accelerating pace—the steepest drop since 2020. Office rental values have now declined for six consecutive years since their 2019 peak, cumulatively dropping by 34.2%. The decline in 2025 was primarily driven by prime-grade offices, which saw a 10.1% year-on-year decrease due to rising vacancy rates amid increased supply. Grade A offices, supported by demand from mainland Chinese tenants, experienced a smaller decline than prime offices but still posted a 4% year-on-year drop for the second consecutive year.
Swire Pacific (SWRAF) Gets a Hold From UBS
Survey: Vast majority of economists expect the Bank of Japan to raise interest rates this month, forecasting two rate hikes for the year.
A Bloomberg survey shows that of the 51 economists polled, approximately 49 expect the Bank of Japan to raise interest rates by 25 basis points to 1% on June 16—the highest level since 1995. Respondents anticipate the rate will reach 1.25% by year-end, implying two rate hikes in total this year, driven by concerns that the conflict involving Iran could trigger persistent inflation. Bank of Japan Governor Kazuo Ueda stated last week that he is more concerned about the risk of rising prices stemming from Middle East turmoil than about the potential economic impact of geopolitical tensions, further fueling market expectations of a rate hike. The survey indicates that roughly 71% of economists expect
Swire Coca-Cola Advances China Commitment With Twin Plant Openings