Hong Kong
This new project injected 700,000sq ft of supply to Hong Kong’s prime retail sector in Q3
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.
These firms recently moved to higher quality offices in Hong Kong
Invesco relocated its headquarters to a 33,000sq ft lease in Jardine House.
Hong Kong residential sales down 6.3% to 3,875 units in September
The primary market sales also declined 8.2%.
What’s to blame for Hong Kong’s lacklustre real estate investment demand in Q3?
Only 20 deals worth HK$18.1b were transacted in the quarter.
Here’s proof that Hong Kong’s warehouses still attract private equity
Learn more about some of the key deals.
Hong Kong high-street rents finally recover from longest-ever downcycle: CBRE
Rents grew 2.9% in Q3, the fastest growth rate since 2012.
Hong Kong Grade A office vacancy hits record high of 14.1% in Q3
The total vacant space reached 11.9m sq ft of vacant space during the quarter.
Hong Kong office rents now 30% below 2019 peak levels
Rents are expected to continue on this downward trend for the coming months.
What does Hong Kong warehouses’ ultra low vacancy rate mean for the industry?
The vacancy rate is at sub-1% as of H1 2022.