Cheung Kong Center II tests higher rents amid rebound in Central office market

Cheung Kong Center II is testing office rents above HK$100 (US$12.75) per square foot, as the once slow-leasing tower begins to close the gap with Central’s most in-demand office buildings, according to property agents. The increase marks a turnaround for one of Hong Kong’s most closely watched office projects. Completed in 2024 by CK Asset Holdings – the property company controlled by billionaire Li Ka-shing’s family – the 41-storey tower was designed as a flagship Central development, but...