Hong Kong
Hong Kong retail recovery dampened yet again by recent COVID outbreak
Hong Kong retail recovery dampened yet again by recent COVID outbreak
Restaurants with over 20,000 sq ft of space could be at risk
Hong Kong residential sales down 16.9% to 4,275 transactions in January
Blame it on the resumption of social distancing measures.
Hong Kong overall office vacancy rate down to 9.4% in January
Kowloon East still had the highest vacancy rate at 12.4%.
The risks and rewards of investing in Hong Kong’s self storage facilities
The average self storage occupancy of over 80% is one of the highest in Asia.
Here’s what to expect from Hong Kong’s luxury home market this year
Prices could grow 3-5%, but not until the second half of the year.
Hong Kong luxury residential transactions slump 39% to 618 in Q4
These are for transactions above HK$20 million.
Hong Kong residential market sluggish as mortgage debt levels hit record highs
Debts reached HK$1,720 billion in November 2021.
Hong Kong retail rents to grow by 5% in 2022
But only if no major outbreak pulls back leasing demand yet again.
Hong Kong Grade A office net absorption sees longest downcycle in history
Total net absorption was -162,000 sq ft in Q4 2021.
Commercial property investments in Hong Kong up 51% to USD10.2b in 2021
But this is just less than half of the peak seen in 2017.
Hong Kong warehouse rents record highest annual increase since 2014
Rents rose by 3.9% in 2021.
Hong Kong retail space supply won’t rise until 2023
There are only three projects slated for completion this year.
Art dealers, crypto firms, coworking spaces drive Hong Kong office demand
Christie’s took around 50,000 sq ft in The Henderson in late 2021.
Hong Kong to see 4m sq ft of new office spaces this year
Rents will remain under pressure with a 15% decline expected over 2022.
Hong Kong mass housing price growth to hit up to 3% this year
Meanwhile, luxury home prices could jump by 3-5%.
Hong Kong luxury residential rents broadly flat in Q4
Rents on Hong Kong Island inched up 1% during the quarter.
Hong Kong Grade A office rents to jump by 5-10% in 2022
The recentralisation trend is expected to underpin rental growth.