Hong Kong

Rents are expected to drop for the rest of the year. 

Primary sales plummeted 53.2% to just 672 units.

Transaction volumes grew 93% to USD4.4 billion during the quarter.

Only 22% of all existing Hong Kong buildings are green-rated.

It is a 14,000 sq ft shop in New World Tower in Central.

Invesco relocated its headquarters to a 33,000sq ft lease in Jardine House. 

The primary market sales also declined 8.2%.

Only 20 deals worth HK$18.1b were transacted in the quarter.

Learn more about some of the key deals. 

Rents grew 2.9% in Q3, the fastest growth rate since 2012.

The total vacant space reached 11.9m sq ft of vacant space during the quarter.

Rents are expected to continue on this downward trend for the coming months.

The vacancy rate is at sub-1% as of H1 2022. 

One is a relocation to 88,000 sq ft of space in Tsuen Wan.

Transactions for the secondary market reached 2,440 units.

This is due to new completions in the month.