Total value of exports in industrial market gets 11.4% y-o-y boost in June

Leasing activity was dominated by renewals, meanwhile.

Gathering from July data on the industrial market, the total value of exports grew by 11.4% y-o-y in June while imports grew by 7.6% y-o-y.

According to a research note from JLL, air-freight cargo at HKIA was up 7.3% y-o-y whereas container throughput grew by 5.6% y-o-y.

Meanwhile, leasing activity was largely dominated by renewals with very few new lettings recorded in July owing to the tight vacancy environment.

Here's more from JLL:

Fook Lee Holdings has disposed of the whole of EAC Distribution Centre in Fanling for HKD 400.0 million (HKD 3,134 per sq ft, gross). Current tenant is DHL.

A group of local investors has disposed of the whole of Knapwood Industrial Building in Kwun Tong for HKD 200 million (HKD 4,748 per sq ft, gross).