Swire earnings show Hong Kong’s prime commercial districts outpacing others in recovery

Hong Kong’s commercial property recovery is increasingly becoming a story of location, with the fortunes of the city’s biggest landlords diverging depending on the districts where they own office space. Swire Properties’ first-half results on Thursday captured that shift. The developer owns office towers in both Admiralty, next to Central’s financial district, and Quarry Bay, an eastern business hub that has long attracted tenants seeking spaces with lower rents than those in pricier areas like...