Hong Kong
These were the notable retail property transactions in Hong Kong in Q1
One is a space that was leased for 12.5% lower than its previous tenant.
Hong Kong office vacancy rate rises to 12.3% in April
The vacancy rate in Hong Kong East alone rose 12.6%.
Hong Kong residential projects achieve high sell-through rates in April
Thanks to the attractive pricing of the new launches.
Office rents on Hong Kong Island slip 0.4% in March
Rents in decentralised submarkets were more resilient.
Hong Kong residential transactions surge 56% to 6,690 units in March
The primary market also had a positive performance.
Hong Kong retail spaces still being leased at 30% lower than pre-COVID levels
Find out which spaces are being rented at lower prices.
Hong Kong’s primary luxury residential volume to be extremely low this year
The market is likely to be dominated by distress sales.
Oversupply woes loom for Hong Kong’s residential sector in the coming years
Over 100,000 units will be available against an annual demand of 18,000.
HK hotel occupancy soars 72% in first two months
The reopening of borders and lifting all quarantine controls drove the increase.
Faster recovery awaits Hong Kong’s high-end hotels
JLL expects the sector’s transaction activity to reach US$1b by Q423.
Grade A office rents in HK contract 1.3% QoQ in Q1
The decrease in rents in Island East drove the overall decrease.
Savills pioneers next-level virtual property tours in Hong Kong
Clients viewing 3D interactive models can see the whole property, tenants, and community.
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.
Most Read
1. Global real estate investment to breach US$1t by 2026 2. How demographic changes will impact Hong Kong’s retail market 3. Singapore GLS programme to offer 8,505 units in H1 2025 4. Distressed sales to attract investor attention in Hong Kong next year 5. Guess which cities lead retail innovation in Asia PacificResource Center
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