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Hong Kong Office and Retail Investment - Jan 2021
"The market found more momentum in the fourth quarter in both the office and suburban retail segments."
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"The market found more momentum in the fourth quarter in both the office and suburban retail segments."
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"Modern warehouse vacancies remained unchanged with a number of large-scale renewals, while general warehouse landlords continued to suffer."
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"Landlords are generally adapting to lower budgets while occupancy rates have held up well despite the downturn."
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"A raft of poor economic data alongside travel restrictions meant a muted end to the year and a much more pragmatic attitude from landlords. "
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"Grade A office rents are expected to continue to consolidate during the first half of 2021 while rental movement in the second half will be vaccine and travel dependent."
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"Given the city’s reliable power supply, rich network connectivity, low climate risk, and strong data protection, Hong Kong is well positioned to serve as a regional data centre hub."
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"Hotel transaction activity remains muted as investors wait for the market to bottom out."
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"Asia Pacific Investment Quarterly for Q3/2020 covers all major investment transactions of 18 cities in 11 countries around the region."
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"The eye-catching sale of 37 Shouson Hill Road for HK$2.5 billion to Hang Lung Properties suggests that there is still life in the super luxury sector."
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"Grade A office rents are now in their longest downcycle since the Global Financial Crisis."