Hong Kong
This is the most significant residential transaction in Hong Kong in Q4
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.
Oversupply brings Hong Kong’s office vacancy rate to a record 14.7% in 2022
There was over 4 million sq ft of new Grade A space in the market.
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.
Hong Kong Island to see around 3.5m sq ft of new office supply by 2025
Rents are bound to suffer further downward pressure.
Hong Kong retail leasing activity still ‘stubbornly low’: Savills
Rents will remain largely flat this year.
Hong Kong mass residential capital values to decline 10% this year
Developers may be forced to offer deeper discounts to boost sales.
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