Hong Kong
Slow leasing momentum persists in Hong Kong’s industrial sector
Warehouse vacancy increased to 5.5% in Q3.
Slow leasing momentum persists in Hong Kong’s industrial sector
Warehouse vacancy increased to 5.5% in Q3.
Hong Kong Grade A office leasing volume up 32% to 1m sq ft in Q3
There was a significant level of activity in Kowloon East.
Henderson Land hailed as Developer of the Year at Real Estate Asia Awards 2023
The company’s G.I.V.E. Sustainability Strategy is paving the way for a greener, more inclusive real estate sector, setting new benchmarks for sustainable development in Hong Kong and beyond.
Hong Kong Central office rents to decline by up to 8% this year
Whilst overall rents on Hong Kong Island are expected to fall by 3-5%.
Hong Kong sees improved retail property sales transactionsÂ
A retail unit was recently sold for HK$370m.
Hong Kong residential transactions up 5.9% in August
There were over 3,200 transactions in total.
Hong Kong luxury residential leasing activity increases 30% in Q2
But the persistent high vacancy rate is hindering rent recovery.
Hong Kong welcomes 150 new hotel rooms in Q2
High construction costs are expected to hinder new hotel supply.
Hong Kong Grade A office rents to drop by up to 5% in H2
Rents are expected to bottom out in the near term.
Hong Kong prime shopping centre vacancy drops to 6% in Q2
And high street shop vacancy declined to 13.7%.
Hong Kong industrial vacancy rate down to 1.5% in Q2
Net absorption increased to over 230,000sqm during the quarter.
Why Hong Kong’s office vacancy has now hit 30-year highs
The overall vacancy rate is at 12.6% as of Q2.
Office rents on Hong Kong Island slip 0.3% in July
Causeway Bay rents declined 0.7%.
Hong Kong residential transactions hit 4-month low in July
Transactions declined by 15.2% to 3,065 during the month.
Henderson Land wins Residential Development of the Year at Real Estate Asia Awards
Henderson Land Development Company Limited’s groundbreaking project, 456 Sai Yeung Choi Street North, showcases the perfect blend of urban luxury and biophilic living in Hong Kong.
Henderson Land's The Quinn marks a new era of urban well-being in Tai Kok Tsui
The Quinn marks a triumphant milestone in urban renewal, seamlessly weaving sustainability, community, and innovation in the heart of Tai Kok Tsui, Hong Kong.
Sluggish IPO market cripples Hong Kong’s office property sector in H1
A 20-year low of only HK$17.8 billion was raised in H1.
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1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
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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.
