Hong Kong

Hong Kong to see the highest annual mall supply in two decades

Analysts expect around 4 million sq ft of new mall supply in 2024.

Kowloon office rents to increase by up to 2% in 2024

The market is expected to continue to improve gradually this year. 

Analysts still bearish about Hong Kong Island’s office market

Vacancy rates in Central is expected to hit record highs this year.

Hong Kong home prices to follow an ‘L-shaped’ trend this year

Knight Frank expects prices to decline in the first half before remaining flat in the second half.

Hong Kong office rents to decline by 5-10% this year

Landlords will continue to be competitive as high vacancy rates persist.

Hong Kong retail leasing volume hits record highs in 2023

The total leasing volume reached 1.5m sq ft for the year.

Hong Kong Island office rents decline 2% in November

Wan Chai outperformed the other business districts.

Hong Kong industrial sales may be constrained until end of 2024

The high cost of funds is expected to take its toll on the investment market.

Hong Kong luxury residential rents to rise by up to 5% this year

Meanwhile, prime residential capital values are forecast to drop by up to 5%.

Hong Kong to see 2.5m sq ft of new retail space by end-2023

In Q3, two new shopping centres were completed.

4 ways gov't can support the residential market

The residential market's average monthly transaction volume in 10M23 was 25% below the previous 4-year average.