Hong Kong
Kowloon’s two notable office lease renewals in June revealed
Kowloon’s two notable office lease renewals in June revealed
These cases provide an indication of market rent levels.
Grade A office rents on Hong Kong Island down 1.2% in June
North Point recorded the steepest decline YTD.
Hong Kong residential transactions to increase by 5-10% in FY2024
CBRE expects up to 48,000 transactions to complete this year.
Hong Kong residential prices to drop by 5-10% this year
Prices already declined by 1.7% in the first five months of the year.
Hong Kong Science and Technology Parks Corporation wins Real Estate Asia Award for energy technology initiative
The company's innovative initiatives were recognised for creating a sustainable green tech ecosystem within its facilities.
Hong Kong real estate investment drops to second-lowest half-year total since 2008
Commercial investments reached HK$23.1b in H1 2024.
Hong Kong warehouse vacancy increases to 7.9% in Q2
Warehouse rents declined 1.5% due to vacancy pressure.
Hong Kong retail rents grow 3.7% in H1 2024
Rents rose by 1% in Q2 alone.
Hong Kong office leasing volume hits highest half-yearly total since 2019
Leasing volumes in H1 2024 reached 2.3m sq ft.
Hong Kong residential transaction volume drops 35.1% to 5,546 cases in May
Blame it on the steep decline in primary sales.
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%.
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