Transaction volume, values fell in 2015.
It has been noted that 2015 has seen a marked decline in transaction volume and values due to predominantly negative market sentiment.
According to a release from Colliers International, further, the respective falls of 37% and 29% from 442 deals worth HKD91.1 billion in 2014 to 279 deals worth HKD64.4 billion in the first ten months of 2015 were the second biggest since 2008’s dramatic 44% drop.
While two substantial transactions have recently been concluded, these have been in the making for a long time and are not expected to turn the market positive in the near term, said the release.
“From a strata-titled offices perspective, there will be a continued rise of demand driven by end users; a trend that should continue well into 2016,” Antonio Wu, deputy managing director, Hong Kong, said.
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