Hong Kong
Kowloon office rents drop for fourth straight month in May
Kowloon office rents drop for fourth straight month in May
The average monthly rent was at HK$22.6 per sq ft.
How Hong Kong’s luxury retail sector bears the brunt of changing consumer behaviour
Mainland tourists are now more inclined to seek ‘cultural tourism’ than shopping.
Hong Kong Island office sector still mired in challenges
Grade A office rents dropped by 5.2% in May.
Hong Kong real estate transactions drop 29% to HK$22.55b
That is in the first five months of 2024.
Kowloon office rents to increase by up to 2% in 2024
Market activity will be driven by smaller tenants.
Grade A office rents on Hong Kong Island to decline by 3-5% in 2024
The overall vacancy rate was at 12.3% as of May 2024.
Hong Kong home prices to fall by 5% this year
Meanwhile, mass residential rents are expected to rise by up to 8%.
Three new logistics centres to come online in Hong Kong until 2028
They’re all located near the airport.
Henderson Land Development clinches Developer of the Year - Hong Kong at Real Estate Asia Awards
It has employed its G.I.V.E. Sustainability Strategy in its developments.
AIA brings home two wins at Real Estate Asia Awards for Urban Campus
The redevelopment encourages work-life balance amongst employees.
Kowloon office rents drop for the third straight month in April
Rents declined by 1.7% to HK$22.8 per sq ft.
Office vacancy rate on Hong Kong Island hits a record 12.6% in April
Quarry Bay and Wong Chuk Hang saw a significant increase in vacancies.
Here are some key retail leasing transactions in Hong Kong recently
One brand will lease over 3,600sq ft of space for HK$600,000 monthly.
Hong Kong residential transaction volume more than doubled in April
Transactions reached over 8,500 cases during the month.
This house was sold for the highest price per sq ft in Kowloon
It was an 11,589-sq-ft horse sold for HK$1 billion.
Office vacancy rate on Hong Kong Island hits a record 12.2% in Q1
Meanwhile, rents dipped by 0.5% during the quarter.
Hong Kong luxury retail market finally set to recover
Some luxury brands such as Louis Vuitton are gradually returning into the city.
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1. 8M Real Estate makes first move into suburban projects 2. Bengaluru gross office leasing volume hits record highs in YTD Sep 3. APAC real estate investment volume hits USD39.5b in Q3 4. Only these two cities recorded Q3 office rental growth in Southeast Asia 5. Hong Kong office rents to decline by up to 5% this yearResource Center
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