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Hong Kong Home Prices Show Greater Resilience Than Commercial Properties During COVID-19 Outbreak

Hong Kong Home Prices Show Greater Resilience Than Commercial Properties During COVID-19 Outbreak

The price fall in mass residential is milder than that of office and retail during the market downturn. Read More »


Hong Kong Office Market Continues to Decentralize in April

Hong Kong Office Market Continues to Decentralize in April

According to JLL's latest Property Market Monitor, while Hong Kong's COVID-19 outbreak was showing signs of stabilization towards the end of April, office-leasing demand remained relatively weak. New lettings contracted by 14% month-over-month. Read More »

COVID-19 Putting Significant Pressure on Hong Kong's Housing Market

COVID-19 Putting Significant Pressure on Hong Kong's Housing Market

Hong Kong's unemployment rate has increased progressively to a nine-year high amid the COVID-19 pandemic and social tension. The rising unemployment rate in the city is putting pressure on local housing prices. Read More »

Coronavirus Hammering New Condo Sales in Hong Kong

Coronavirus Hammering New Condo Sales in Hong Kong

Only 40 apartment flats from two new mass residential projects have been launched in the primary market one month after the Chinese New Year (January 25, 2020), compared to the past three years' average of around 530 flats. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated May 28, 2020 9:00 AM ET

Hong Kong Property News

According to global property consultant Knight Frank's latest Wealth Report 2020 reveals that private capital was responsible for $333 billion of all commercial real estate purchases in 2019, a 5% rise on the previous year.

U.S. net-lease investment reached record highs in 2019, with investors increasingly attracted to opportunities in high-growth secondary and tertiary markets.

Central's Grade A office rents dropped the sharpest among Hong Kong's core business districts as its vacancy rate reached 4% in January 2020, the first time in more than five years.

With the longest global economic expansion on record, international commercial property investors now face an increasingly complex calculus.

International property consultant CBRE is reporting this week that global commercial real estate investment volume in Q4 of 2019, including entity-level deals, was nearly level (-0.5%) with Q4 2018, while full-year volume fell by 2% from 2018.

As Hong Kong's office market continues to reel from the impacts of the local social movement and economic uncertainties, leasing across all business districts in Hong Kong have been subdued.

According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.

According to Knight Frank's latest research for the most exclusive global residential neighborhoods -- the top 10 ultra-prime streets and areas where the most transactions over $25 million have taken place in the last five years was -- revealed this week.

The longest bull market in Hong Kong's property market history has come to an end in the second half of 2019 due to the local social unrest with Mainland China, and related economic uncertainties surrounding it.

With capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago.

The average number of bidders for residential sites in Kai Tak decreased by 67% to just 5.5 in 2019 from two years ago.

Based on new data from global real estate consultancy JLL reveals that Asia Pacific commercial real estate transaction volumes in the third quarter of 2019 have reached a record, bringing the year-to-date activity to a new high of $128 billion.

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.

Global real estate consultant JLL is reporting that several cities in Asia are emerging as competitive real estate markets.

Property developers are speeding up the launch of new residential projects and lower asking prices to maintain sell-through rates ahead of the implementation of the much heralded vacancy tax.

The combined office vacancy rate of Hong Kong's traditional business districts, which includes Central, Wanchai/Causeway Bay and Tsimshatsui, rose above 3% for the first time in 5 years in August 2019.

Hong Kong's current political crisis and economic uncertainty could make almost anyone despair for the future of the property market in this Special Administrative Region of China.

Hong Kong's central region office vacancy rate rises to a three-year high as commercial tenants are now delaying expansion plans.


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