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Hong Kong office leasing rental momentum continues in Q1
17 April 2019
Hong Kong - 17 April 2019 Prominent real estate advisor Savills pointed out that the record low vacancy rates (Hong Kong Island: 1.8%; Kowloon: 2.6%) supported the slight rise in office rents over Q1. Central, as the main driver of growth (+2.9%), hit over HK$150 per sq ft per month net effective. Thanks to efficient new transport infrastructure links, tenants now pay more attention to new high-quality buildings, sometimes above location.