Hong Kong

Government land auctions now serve as the primary source of land supply for data centres.

Demand for this space is expected to hit 3.1m sqm by 2025, and Hong Kong only has 2.3m sqm currently.

Chinese firms are expected to continue to take up Central office space post-COVID.

According to Kwok Kay, what the real estate industry should learn from the COVID-19 crisis is to practice resilience and exercise good financial discipline

Rates of rental and price declines have started to slow in Q1.

The decline in rents across the region is expected to decelerate this year.

As new operating models emerge, property valuers may need to be mindful of the way real estate is run when making valuations.

There were seven major transactions worth over HK$100 million each. 

The transaction volume increased 28.8% MoM in March to 5,891.

Rents only fell by 2% in Q1 2021.

More than half of the US$1.3b transactions in Q1 were for industrial assets.

The firm helps buyers purchase cross-border and handles administration for clients.

This is despite the 5.95% decrease in rents in 2020.

The city recorded 169 transactions over US$10m  in 2020, just behind London’s 201.

All districts recorded more modest rental declines compared with Q4/2020.

Designers must be adaptive to the changing times in creating spaces.