Hong Kong
Kowloon office rents to increase by up to 2% in 2024
Kowloon office rents to increase by up to 2% in 2024
Market activity will be driven by smaller tenants.
Grade A office rents on Hong Kong Island to decline by 3-5% in 2024
The overall vacancy rate was at 12.3% as of May 2024.
Hong Kong home prices to fall by 5% this year
Meanwhile, mass residential rents are expected to rise by up to 8%.
Three new logistics centres to come online in Hong Kong until 2028
They’re all located near the airport.
Henderson Land Development clinches Developer of the Year - Hong Kong at Real Estate Asia Awards
It has employed its G.I.V.E. Sustainability Strategy in its developments.
AIA brings home two wins at Real Estate Asia Awards for Urban Campus
The redevelopment encourages work-life balance amongst employees.
Kowloon office rents drop for the third straight month in April
Rents declined by 1.7% to HK$22.8 per sq ft.
Office vacancy rate on Hong Kong Island hits a record 12.6% in April
Quarry Bay and Wong Chuk Hang saw a significant increase in vacancies.
Here are some key retail leasing transactions in Hong Kong recently
One brand will lease over 3,600sq ft of space for HK$600,000 monthly.
Hong Kong residential transaction volume more than doubled in April
Transactions reached over 8,500 cases during the month.
This house was sold for the highest price per sq ft in Kowloon
It was an 11,589-sq-ft horse sold for HK$1 billion.
Office vacancy rate on Hong Kong Island hits a record 12.2% in Q1
Meanwhile, rents dipped by 0.5% during the quarter.
Hong Kong luxury retail market finally set to recover
Some luxury brands such as Louis Vuitton are gradually returning into the city.
Hong Kong office vacancy rates could surpass 20% by 2027
That is if annual take-up only reaches 0.5m sq ft.
Hong Kong warehouse rents drop for the first time since Q4 2020
Rents declined by 1.1% in Q1 2024.
Hong Kong commercial property investments down 5.5% to HK$13.2b in Q1
There were only 13 deals during the quarter.
Hong Kong high-street rents record fastest growth in two years
Shop rents grew by 2.7% in Q1 2024.
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