Hong Kong
Growth of high street rents in HK's core districts eases in Q123
Rents in core districts range from $211-$860.
Growth of high street rents in HK's core districts eases in Q123
Rents in core districts range from $211-$860.
HK gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
Hong Kong office net effective rents dip 0.2% in January
And vacancy rate rose to 12.2% during the month.
Hong Kong is APAC’s second most preferred retail expansion destination
It is tied with Singapore at second place, whilst Chinese cities took the top spot.
Mainland buyers in Hong Kong’s luxury home segment hits record lows
The proportion of Mainland buyers was at an all-time low of 29% in 2022.
This is the most significant residential transaction in Hong Kong in Q4
It was a sale of a site on the Peak for HK$1 billion.
Hong Kong office rents dip 0.4% in DecemberÂ
Meanwhile, the vacancy rate increased to 12.1%.
Hong Kong to see the highest annual retail supply in 20 years
Nearly 4 million sq ft of new supply is expected to come online this year.
Hong Kong luxury apartment rents to rise by up to 5% by year-end
Rents will be subdued in the first half of the year.
This building is set to be one of Hong Kong’s largest logistics centres
It has a gross floor area of 3.8 million sq ft.
Hong Kong investment volumes to increase by 5% in 2023
But don’t expect much growth just yet early in the year.
Hong Kong industrial rents register a 3.7% increase for full-year 2022
Warehouse vacancy increased slightly to 3.3%.
Hong Kong office rents forecast to rise 3% this year
A significant amount of supply is also in the pipeline.
Hong Kong real estate transaction volumes hit 10-year lows in 2022
Only 101 big deals were closed during the year.
Oversupply brings Hong Kong’s office vacancy rate to a record 14.7% in 2022
There was over 4 million sq ft of new Grade A space in the market.
Hong Kong’s biggest industrial investment deal in Q4 revealed
It was valued at HK$850 million.
Hong Kong residential rents still stuck in a downward streak
Townhouse rents saw the most significant decline of 5.8% in Q4.
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
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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.
