Commercial Property

But the potential spread of the highly transmissible Omicron variant poses uncertainty to the market.

Total agreements recorded for the month were only at 7,076.

Across submarkets, retail will have the strongest growth next year.

The three-day event had 216 exhibitors.

Knight Frank cited trends that affected the performance of the market.

This marks the first expansion for the market since May 2019.

This marks HK’s first contraction after four consecutive quarters of expansion

The 0.6% growth was driven by premium office space in the submarket.

Year on year, however, property sales are up 12.4%.

This marks the country’s longest local market down cycle in history.

Residential prices, as well as retail and office rents, will likely grow in 2022.

Leasing momentum in the retail market continues to improve in August 2021.

Analysts expect it to enter the last phase of its down-cycle.

Highly integrated design and infrastructure that will further link Hong Kong into the Greater Bay Area are expected in the next year.

This is despite a 44.3% YoY increase in revenues during the period.

Investors are now facing challenges in sourcing funds despite growth in capital seen in the past year.