Hong Kong

Transactions declined by 15.2% to 3,065 during the month.

A 20-year low of only HK$17.8 billion was raised in H1.

That is despite offering attractive rental levels.

TOWNPLACE WEST KOWLOON offers incredibly flexible lease terms in a modern and upbeat community.

Most of it will primarily be in Central and Wan Chai.

Investments declined by 37.5% to HK$7.5b during the quarter.

Find out what the notable leases recently.

Chanel recently leased space at Capitol Centre in Causeway Bay.

It’s for a total GFA of over 120,000sq ft.

The total volume declined 9.7% vs the previous month.

New office supply will drop to less than a million sq ft.

It’s a marginal increase from the previous month’s 12.4%.

Secondary residential transactions were at 3,003 units.

Vacancies in Central rose to 9.2%.

Full recovery is expected by next year.

Overall prime retail rents could grow at a slower pace of 5%.