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Hong Kong Office Leasing - Jul 2021
"Rental declines are expected to be mild over the remainder of 2021 before the supply challenges of 2022 and 2023. "
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"Rental declines are expected to be mild over the remainder of 2021 before the supply challenges of 2022 and 2023. "
"Open borders will unlock office demand, especially from Mainlandfirms who have become a key driver of office take-up in Central. As PRC firms become more diverse in their business lines, we expect demand to shift more to non-core areas."
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"It would be far too early to pronounce the office or the shop dead, but their evolution is experiencing..."
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"The COVID-19 pandemic has driven us into uncharted waters and the office sector seems to be further adrift than most. ..."
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"Commercial volumes have declined dramatically with activity dominated by bargain-hunting investors looking for distressed assets which remain hard to come by."
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"The long-awaited tender for the commercial site above the West Kowloon Terminus was announced in late November, with Sun Hung Kai emerging as the winning bidder with a premium of HK$42.232 billion, beating off competition from Cheung Kong and a Henderson-led consortium. "