Hong Kong
Hong Kong adds 2,000 new hotel rooms in the first nine months of 2023
In Q3 alone, 251 new rooms were completed.
Hong Kong adds 2,000 new hotel rooms in the first nine months of 2023
In Q3 alone, 251 new rooms were completed.
Hong Kong Grade A office rents down 2.3% in Q3
Hong Kong East saw the steepest decline of 4.6%.
Office rents on Hong Kong Island slip 0.3% in October
Central saw the biggest fall of 0.5%.
2023 sets the record for most failed bids in Hong Kong’s land supply history
Six of the nine tenders this year were unsuccessful.
Hong Kong residential prices drop for fifth consecutive monthÂ
Prices declined by 1.7% in September.
Lodes flips the switch at new Hong Kong office to turn on creative minds
With the vision of growing business and diversifying its influence, Lodes sets forth to bring Italian artistry into the Asia-Pacific region.
Hong Kong retail rents to grow by 5% in 2024
The market continued to see signs of recovery in Q3.
Hong Kong commercial real estate investment market still riddled with challenges
The market maintained its lacklustre performance in Q3.
Hong Kong office rents expected to bottom out sooner than expected
Rents could decline by up to 5% next year.
Hong Kong residential transactions drop 11.9% to 2,862 in September
Though there were sporadic big-ticket luxury sales during the month.
Net effective office rents on Hong Kong Island slip 0.4% in September
Central and Causeway Bay registered the steepest YTD decline.
Hong Kong high street rents to increase by 8% for full-year 2023
Market recovery should gain momentum by the second half of next year.
Hong Kong real estate investments continue to disappoint in Q3
Q3 recorded HKD5.3b worth of transactions in Q3, the third lowest investment quarter since 2013.
Hong Kong industrial leasing demand to remain weak in the near term
The vacancy rate stood at 3.2% in Q3.
Hong Kong Grade A office rents drop 2.3% in Q3
The Central/Admiralty submarket was the main driver of this decline.
Which retail submarket recorded the lowest Q3 vacancy rate in Hong Kong?
The vacancy rate in this submarket declined by 2.6ppt to 5.3%.
Hong Kong property investment fails to breach the HK$10b mark yet again
Total commercial investment volume reached only HK$6.9b in Q3.
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
