Hong Kong
Hong Kong property transaction volumes to drop by 19% in 2024
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.
Hong Kong real estate investment drops to second-lowest half-year total since 2008
Commercial investments reached HK$23.1b in H1 2024.
Hong Kong warehouse vacancy increases to 7.9% in Q2
Warehouse rents declined 1.5% due to vacancy pressure.
Hong Kong retail rents grow 3.7% in H1 2024
Rents rose by 1% in Q2 alone.
Hong Kong office leasing volume hits highest half-yearly total since 2019
Leasing volumes in H1 2024 reached 2.3m sq ft.
Hong Kong residential transaction volume drops 35.1% to 5,546 cases in May
Blame it on the steep decline in primary sales.
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