Hong Kong
Hong Kong overall warehouse rents slip 1% in Q4 2022
Vacancy rates were stable at 1.9% during the quarter.
Hong Kong overall warehouse rents slip 1% in Q4 2022
Vacancy rates were stable at 1.9% during the quarter.
Grade A office rents in Hong Kong down 7.6% for full-year 2022
Rents declined 2.3% in the final quarter of the year.
Hong Kong Island to see around 3.5m sq ft of new office supply by 2025
Rents are bound to suffer further downward pressure.
Hong Kong retail leasing activity still ‘stubbornly low’: Savills
Rents will remain largely flat this year.
Hong Kong mass residential capital values to decline 10% this year
Developers may be forced to offer deeper discounts to boost sales.
More private families and HNWIs to enter Hong Kong’s property investment market this yearÂ
Learn more about what to expect from Hong Kong’s property capital market in 2023.
Hong Kong residential transaction volume expected to have hit a new low in 2022
Estimates show there were only 45,000 transactions for the whole year.
Office rents in Kowloon to rise by up to 3% in 2023
The overall market seems to have bottomed out.
Hong Kong mass residential capital values down 2.7% in November
It was a steeper decline compared to the 1.9% drop the previous month.
What the rise of several core business districts means for Hong Kong
Different industries will dominate districts, creating sector-led hubs.
Hong Kong overall office vacancy rate hits 11.6% in November
The rise was driven by two new completions.
Hong Kong retail street rents to drop by a further 10-15% in 2023
Rent adjustments are not expected to improve vacancy rates.
This new project injected 700,000sq ft of supply to Hong Kong’s prime retail sector in Q3
Its pre-commitment rate is reported to be around 55%.
Hong Kong sees three Grade A office building completions in Q3Â
All buildings are located in Kowloon East.
Demand for F&B spaces expected to grow in Hong Kong post-pandemic
There were 60 new overseas F&B operators that entered Hong Kong since 2020.
These Hong Kong retail spaces are now being leased for up to 82% lower than their peak rents
Rents in Tsim Sha Tsui and Causeway Bay continue its downward trend.
Hong Kong Island office rents slip 1.4% in October
Rents are expected to drop for the rest of the year.Â
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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.
