Hong Kong
Real Estate News

Continued Protests Significantly Impacting Hong Kong's Office and Tourism Markets

Continued Protests Significantly Impacting Hong Kong's Office and Tourism Markets

According to JLL's latest Property Market Monitor Report released this week, Hong Kong's central region office vacancy rate rises to a three-year high as commercial tenants are now delay expansion plans amid increasing economic and political uncertainties with Mainland China. Hong Kong's office leasing market recorded negative take-up in July 2019. Read More »


International Gateway Cities Enjoy Worldwide Resurgence of Office Investment in 2019

International Gateway Cities Enjoy Worldwide Resurgence of Office Investment in 2019

According to commercial real estate advisor CBRE, global commercial real estate investment volume increased from Q1 2019 across all regions but overall fell by 7.5% year-over-year in Q2 2019 Read More »

Asian Smart Cities Trying to Balance Technology with Citizen Needs

Asian Smart Cities Trying to Balance Technology with Citizen Needs

According to new research by global real estate consultant JLL, smart city initiatives in Asia Pacific will not reach their potential if they focus on delivering cutting-edge technologies without paying enough attention to the needs and experiences of citizens. Read More »

Mainland China Firms Acquiring a Majority of Hong Kong's Developable Land in 2019

Mainland China Firms Acquiring a Majority of Hong Kong's Developable Land in 2019

Only two remaining residential sites to be tendered on the Kai Tak runway could enjoy Victoria Harbour views after the government awarded the tender for Kai Tak Area 4C Site 1 site. Read More »


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Global Property Spotlight

Grand Tetons Wonderland - (Driggs, Idaho)

Grand Tetons Wonderland - (Driggs, Idaho)

Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho. Read More »

Last Updated August 21, 2019 9:01 AM ET

Hong Kong Property News

According to global real estate consultant JLL, although the US-China trade war has cast a shadow over Hong Kong's economy, the industrial property market continues to be a bright spot.

Rising cost of leasing prime office space accelerated across the globe due to continued economic growth, job gains and limited availability of prime space in certain markets.

According to JLL's latest Residential Sales Market Monitor Report, the price premium commanded by new mass residential flats sized 752 sq. ft and under on Hong Kong Island against the New Territories has narrowed from 90% to 79% over the past five years.

According to global real estate consultant JLL, commercial real estate investment in Asia Pacific was up 14% in the first quarter of 2019, setting a new record of $45 billion in sales volume.

Co-living market is taking off in Asia Pacific as more people migrate to cities for jobs or education opportunities. This is opening up new opportunities for real estate developers and investors around the region.

Based on JLL's latest whitepaper Shenzhen's Tech Prosperity Drives Office Demand, technology companies are spurring global demand for office space, and this phenomenon is particularly pronounced in Shenzhen, China.

According to Knight Frank's latest Global Outlook Report, Hong Kong will retain its title as the world's most expensive office market despite rents being forecast to decrease in 2019.

According to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.

Less than 100 new luxury units (1,722 sq. ft or above) will be completed in Hong Kong's traditional luxury residential areas, including The Peak, Southern district, Kowloon Tong, Homantin and Mid-Levels, in 2019.

Shadowed by the various regulatory measures on the property market and the external economic uncertainty, Macau's property market softened and saw a slowdown in investment sentiment.

According to JLL's latest Hong Kong Property Market Monitor report, despite lingering uncertainty surrounding the global economy and a slumping local stock market, co-working operators remained a major source of demand in the office leasing market in December last year.

Global commercial real estate consultant JLL is reporting this week that Asia Pacific's overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down.

The strike rate of People's Republic of China (PRC) developers in Hong Kong's government land sales market dropped notably in 2018.

According to International property consultant Knight Frank, the average value of residential property across 57 countries and territories worldwide increased by 4.9% in the year to September 2018, the index's lowest annual rate of growth for two years.

According to a new report from global real estate consultant JLL, Hong Kong's Central District has the world's most expensive rent for premium offices for the fourth year running.

According to JLL's Residential Sales Market Monitor released this week, the first day sell-through rates for newly launched mass residential projects (where over 80 units were launched in the first batch of sales) dropped significantly in October 2018.

According to JLL's latest Hong Kong Property Market Monitor, rents in the overall Grade A office market continued to rise albeit at a slower pace last month. Average rent of Grade A office climbed 0.5% m-o-m in October, compared to a 1.0% m-o-m growth in September 2018.

According to new research by CBRE, real estate debt in Asia Pacific is increasingly cementing itself as an alternative investment class as global investors seek new opportunities to deploy capital into this sector.


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