Hong Kong
Hong Kong office sector set to favour tenants this year
Hong Kong office sector set to favour tenants this year
Consolidation towards cost-effective options will remain a key trend.
Hong Kong real estate investment volumes to hit HKD50 billion this year
This represents a 37% increase from 2023’s low base.
Hong Kong to see the highest annual mall supply in two decades
Analysts expect around 4 million sq ft of new mall supply in 2024.
Hong Kong Grade A office rents to decline by at least 2% this year
2024 is anticipated to be a tenant-driven market.
Kowloon office rents to increase by up to 2% in 2024
The market is expected to continue to improve gradually this year.
Analysts still bearish about Hong Kong Island’s office market
Vacancy rates in Central is expected to hit record highs this year.
Hong Kong home prices to follow an ‘L-shaped’ trend this year
Knight Frank expects prices to decline in the first half before remaining flat in the second half.
Hong Kong office rents to decline by 5-10% this year
Landlords will continue to be competitive as high vacancy rates persist.
Hong Kong’s 2023 commercial property investments just over half of 2022 totals
There were only 105 transactions during the year.
Hong Kong retail leasing volume hits record highs in 2023
The total leasing volume reached 1.5m sq ft for the year.
Hong Kong industrial rents grow 1.2% in full-year 2023
Rents inched up by 0.1% in Q4.
Hong Kong home prices to decline by up to 5% in H1 2024
But leasing could grow by 5-8%.
Hong Kong Island office rents decline 2% in November
Wan Chai outperformed the other business districts.
Hong Kong industrial sales may be constrained until end of 2024
The high cost of funds is expected to take its toll on the investment market.
Hong Kong luxury residential rents to rise by up to 5% this year
Meanwhile, prime residential capital values are forecast to drop by up to 5%.
Hong Kong to see 2.5m sq ft of new retail space by end-2023
In Q3, two new shopping centres were completed.
4 ways gov't can support the residential market
The residential market's average monthly transaction volume in 10M23 was 25% below the previous 4-year average.
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