Hong Kong
Hong Kong office rents to drop by 5-10% for full-year 2024
Hong Kong office rents to drop by 5-10% for full-year 2024
Rents are expected to decline by up to 5% in Q4.
Hong Kong Residency rule could boost office sector
The ultra-rich are also expected to set up family offices in the city.
Hong Kong to see nearly 3,000 new hotel rooms for remainder of 2024
The Dorsett Kai Tak and the Metropark Hotel are notable expected openings.
Kowloon office leasing transactions drop 25% in September
Small to medium-sized units dominated the leasing market.
Hong Kong residential transaction volume hits 7-month low in September
Transactions dropped 22% MoM to 2,848 during the month.
These foreign brands are expanding their retail footprint in Hong Kong
Major brands expanded their lease in shopping malls and streets.
Grade A office rents on Hong Kong Island declines by 6.8% in September
Vacancy rates remained high at 13.4%.
Hong Kong office market grappling with record high vacancy rates
The vacancy in Central hit a net area of 2.2m sq ft.
These are Hong Kong’s three key hotel investment deals in H1 2024
The transactions had a total value of nearly USD200 million.
Rich Hong Kong families sell mansions at a loss to repay debt
A stuttering economy has driven some to offload their assets for as low as half the price.
Hong Kong builders pivot overseas amidst housing slump
Some are closing deals in Saudi Arabia, while others are turning to nearby Macau.
Kowloon office rents to decline by 1-3% in 2024
Rents in Kowloon East are forecast to drop by 3-5%.
Grade A office rents on Hong Kong Island down 6.5% in August
And vacancy remained high at 13.4%.
These are the key headwinds in Hong Kong’s retail leasing market
Canton Road saw a significant shift in tenant mix.
Hong Kong home prices hit record lows in 8 years
Meanwhile, residential transactions declined for four straight months.
College homes, industrial sites a bright spot in Hong Kong property slump
Converted hotels and industrial estates offer investors a lifeline.
Hong Kong real estate investments plummet 47% to HK$9.9b in H1 2024
Find out more about some key transactions that took place during the period.
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