Hong Kong
Hong Kong mass residential capital values to decline 10% this year
Hong Kong mass residential capital values to decline 10% this year
Developers may be forced to offer deeper discounts to boost sales.
More private families and HNWIs to enter Hong Kong’s property investment market this year
Learn more about what to expect from Hong Kong’s property capital market in 2023.
Hong Kong residential transaction volume expected to have hit a new low in 2022
Estimates show there were only 45,000 transactions for the whole year.
Office rents in Kowloon to rise by up to 3% in 2023
The overall market seems to have bottomed out.
Hong Kong mass residential capital values down 2.7% in November
It was a steeper decline compared to the 1.9% drop the previous month.
What the rise of several core business districts means for Hong Kong
Different industries will dominate districts, creating sector-led hubs.
Hong Kong overall office vacancy rate hits 11.6% in November
The rise was driven by two new completions.
Hong Kong retail street rents to drop by a further 10-15% in 2023
Rent adjustments are not expected to improve vacancy rates.
This new project injected 700,000sq ft of supply to Hong Kong’s prime retail sector in Q3
Its pre-commitment rate is reported to be around 55%.
Hong Kong sees three Grade A office building completions in Q3
All buildings are located in Kowloon East.
Demand for F&B spaces expected to grow in Hong Kong post-pandemic
There were 60 new overseas F&B operators that entered Hong Kong since 2020.
These Hong Kong retail spaces are now being leased for up to 82% lower than their peak rents
Rents in Tsim Sha Tsui and Causeway Bay continue its downward trend.
Hong Kong Island office rents slip 1.4% in October
Rents are expected to drop for the rest of the year.
Hong Kong residential sales drop 18.8% to 3,148 units in October
Primary sales plummeted 53.2% to just 672 units.
Hong Kong property deals almost doubled in Q3
Transaction volumes grew 93% to USD4.4 billion during the quarter.
Why Hong Kong has a long road ahead to achieve sustainable real estate
Only 22% of all existing Hong Kong buildings are green-rated.
Hong Kong’s most significant retail leasing transaction in September revealed
It is a 14,000 sq ft shop in New World Tower in Central.
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