Hong Kong
Hong Kong office net effective rents dip 0.2% in January
And vacancy rate rose to 12.2% during the month.
Hong Kong office net effective rents dip 0.2% in January
And vacancy rate rose to 12.2% during the month.
Hong Kong is APAC’s second most preferred retail expansion destination
It is tied with Singapore at second place, whilst Chinese cities took the top spot.
Mainland buyers in Hong Kong’s luxury home segment hits record lows
The proportion of Mainland buyers was at an all-time low of 29% in 2022.
This is the most significant residential transaction in Hong Kong in Q4
It was a sale of a site on the Peak for HK$1 billion.
Hong Kong office rents dip 0.4% in December
Meanwhile, the vacancy rate increased to 12.1%.
Hong Kong to see the highest annual retail supply in 20 years
Nearly 4 million sq ft of new supply is expected to come online this year.
Hong Kong luxury apartment rents to rise by up to 5% by year-end
Rents will be subdued in the first half of the year.
This building is set to be one of Hong Kong’s largest logistics centres
It has a gross floor area of 3.8 million sq ft.
Hong Kong investment volumes to increase by 5% in 2023
But don’t expect much growth just yet early in the year.
Hong Kong industrial rents register a 3.7% increase for full-year 2022
Warehouse vacancy increased slightly to 3.3%.
Hong Kong office rents forecast to rise 3% this year
A significant amount of supply is also in the pipeline.
Hong Kong real estate transaction volumes hit 10-year lows in 2022
Only 101 big deals were closed during the year.
Hong Kong’s biggest industrial investment deal in Q4 revealed
It was valued at HK$850 million.
Hong Kong residential rents still stuck in a downward streak
Townhouse rents saw the most significant decline of 5.8% in Q4.
Hong Kong overall warehouse rents slip 1% in Q4 2022
Vacancy rates were stable at 1.9% during the quarter.
Grade A office rents in Hong Kong down 7.6% for full-year 2022
Rents declined 2.3% in the final quarter of the year.