Hong Kong
Hong Kong residential transactions drop 11.9% to 2,862 in September
Though there were sporadic big-ticket luxury sales during the month.
Hong Kong residential transactions drop 11.9% to 2,862 in September
Though there were sporadic big-ticket luxury sales during the month.
Net effective office rents on Hong Kong Island slip 0.4% in September
Central and Causeway Bay registered the steepest YTD decline.
Hong Kong high street rents to increase by 8% for full-year 2023
Market recovery should gain momentum by the second half of next year.
Hong Kong real estate investments continue to disappoint in Q3
Q3 recorded HKD5.3b worth of transactions in Q3, the third lowest investment quarter since 2013.
Hong Kong industrial leasing demand to remain weak in the near term
The vacancy rate stood at 3.2% in Q3.
Hong Kong Grade A office rents drop 2.3% in Q3
The Central/Admiralty submarket was the main driver of this decline.
Which retail submarket recorded the lowest Q3 vacancy rate in Hong Kong?
The vacancy rate in this submarket declined by 2.6ppt to 5.3%.
Hong Kong property investment fails to breach the HK$10b mark yet again
Total commercial investment volume reached only HK$6.9b in Q3.
Slow leasing momentum persists in Hong Kong’s industrial sector
Warehouse vacancy increased to 5.5% in Q3.
Hong Kong Grade A office leasing volume up 32% to 1m sq ft in Q3
There was a significant level of activity in Kowloon East.
Henderson Land hailed as Developer of the Year at Real Estate Asia Awards 2023
The company’s G.I.V.E. Sustainability Strategy is paving the way for a greener, more inclusive real estate sector, setting new benchmarks for sustainable development in Hong Kong and beyond.
Hong Kong Central office rents to decline by up to 8% this year
Whilst overall rents on Hong Kong Island are expected to fall by 3-5%.
Hong Kong sees improved retail property sales transactions
A retail unit was recently sold for HK$370m.
Hong Kong residential transactions up 5.9% in August
There were over 3,200 transactions in total.
Hong Kong luxury residential leasing activity increases 30% in Q2
But the persistent high vacancy rate is hindering rent recovery.
Hong Kong welcomes 150 new hotel rooms in Q2
High construction costs are expected to hinder new hotel supply.
Hong Kong Grade A office rents to drop by up to 5% in H2
Rents are expected to bottom out in the near term.
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Henderson Land hailed as Developer of the Year at Real Estate Asia Awards 2023
![Henderson Land hailed as Developer of the Year at Real Estate Asia Awards 2023]()
Co-Written / Partner
The company’s G.I.V.E. Sustainability Strategy is paving the way for a greener, more inclusive real estate sector, setting new benchmarks for sustainable development in Hong Kong and beyond.
