Hong Kong
This is the prevailing trend in Kowloon’s office property market
This is the prevailing trend in Kowloon’s office property market
Firms are after building upgrades and space optimisation.
Hong Kong property investments surge 52% to USD2.2b in Q2
The total investments for H1 is now at USD3.7b.
Hong Kong Island prime office rents slip 0.7% in H1
But overall rents in Central and Admiralty inched up 0.4%.
Hong Kong retailers still closing stores over lack of tourists
Find out which big brand names had to shut their doors permanently.
Hong Kong residential sales drop 22.2% to 4,826 units in June
There were 1,382 primary sales during the month.
Hong Kong mass residential prices to increase by 3-5% this year
Meanwhile, luxury home prices could grow by up to 3%.
High street shop rents in Hong Kong down 2.4% in H1
The retail rental recovery for 2022 is expected to be within 5%.
Hong Kong warehouse rents inch up 1.1% in Q2
Limited availability and robust demand from 3PLs drove up rents.
Hong Kong real estate investments drop 15% to USD3.7b in H1
Investors are still cautious amidst the US Federal interest rate hike.
Hong Kong office vacancy rate up 0.4ppt to 11.12% in Q2
Net absorption was at -176,300sq ft as weak demand persists.
Soaring to new heights with Chinachem Group
The company won multiple trophies at the Real Estate Asia Awards 2022 and CEO Donald Choi took home the coveted CEO of the Year Award.
Hong Kong Grade A office vacancy hits highest levels since 2003
The total volume of vacant space is at a record 9.8 million sq ft.
Commercial real estate investments in Hong Kong up 17.5% to HK$16b in Q2
The industrial sector accounted for almost half of the investment volume.
Hong Kong high-street shop vacancy reaches 16.5% in Q2
Vacancies also increased in Tsim Sha Tsui and Mong Kok.
Hong Kong industrial vacancy hits 8-year low of 1.4% in Q2
This is despite a slow leasing momentum in the quarter.
This is the real reason behind Hong Kong luxury residential rents’ rally in Q2
Rents on Hong Kong Island and in Kowloon inched up 1% and 2.5%, respectively.
Hong Kong luxury residential rents to decline by up to 5% this year
The lacklustre activity recently does not bode well for the market.