Hong Kong
Secondary luxury homes sell at significantly lower prices in Hong Kong
Secondary luxury homes sell at significantly lower prices in Hong Kong
Four homes on the Peak were sold for more than 40% lower than other nearby sites.
Hong Kong to see over 4,000 new hotel rooms for the rest of 2024
Amongst these hotels will be Metropark Hotel Hung Hom with 536 rooms.
Kowloon office leasing transactions up 20% in July
Tenants continue to favour Kowloon East.
Grade A office rents on Hong Kong Island down 2.6% YTD
North Point saw the steepest decline of 9.3%.
What you need to know about Hong Kong’s retail sector
Some large retail shops remain vulnerable in terms of leasing.
Hong Kong property transaction volumes to drop by 19% in 2024
Investments are expected to reach HKD20b in the second half of the year.
Over 1 in 4 Hong Kong office occupiers intend to downsize
Meanwhile, only 19% are planning to expand.
Where do Hong Kong office occupiers prefer to move for their next lease?
Tenants in the CBD are loyal to their current location.
Hong Kong office vacancy rate climbs to 16.6% in Q2
This was driven by the Central/Admiralty area.
Hong Kong prime retail rents to decline by 5-10% this year
Over 10m sq ft of new retail supply will be completed from 2026.
Here are some retail investment opportunities in Hong Kong
These investments offer attractive rental yields despite ongoing challenges.
Hong Kong residential transactions drop 30% to 3,856 in June
Residential prices are not expected to rebound until the mortgage rate falls to about 3%.
Kowloon’s two notable office lease renewals in June revealed
These cases provide an indication of market rent levels.
Grade A office rents on Hong Kong Island down 1.2% in June
North Point recorded the steepest decline YTD.
Hong Kong residential transactions to increase by 5-10% in FY2024
CBRE expects up to 48,000 transactions to complete this year.
Hong Kong residential prices to drop by 5-10% this year
Prices already declined by 1.7% in the first five months of the year.
Hong Kong Science and Technology Parks Corporation wins Real Estate Asia Award for energy technology initiative
The company's innovative initiatives were recognised for creating a sustainable green tech ecosystem within its facilities.
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