Published:
Here's where 60% of office transactions turnover in 1Q came from
More disposals in decentralised areas.
According to Colliers International, about 60% of the total turnover in 1Q 2013 was generated in the Kowloon sub-markets.
Here's more:
On one hand, local developers took the opportunity to dispose of their commercial non-core assets in order to boost their profits amid a slow residential market. On the other, small-to-medium investors were acquiring office buildings outside Central, as these generally involve smaller lump sums. However, the double stamp duty now in place is expected to make such players more cautious during the coming months.
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