133 views
Photo by Ben Cheung via Pexels.

Grade A building prices to fall 10% in 2024: Savills HK

High interest rates are deterring investors.

Prices of Grade A buildings in Hong Kong are expected to fall by 10% in 2024, according to a report by Savills Hong Kong.

Retail shop prices are also expected to fall by 5% over the same period.

ALSO READ: Singapore's real estate draws global investors

Interest rates are the main culprit. With rates expected to remain high until the middle of the year, only properties with high returns will be able to attract investors, says Jack Tong, Savills Hong Kong’s director of research and consultancy.

Join Hong Kong Business community

In Q4 2023, the number of Grade A en-bloc and major transactions rose 16%, involving HK$31.1b in value.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Office unit at No. 9 Queen’s Road Central listed for $250m
The indicative asking price is $250m, or about $18,222 per square foot—lower than recent transactions in the same building.
Commercial Property
InvestHK launches outreach in Türkiye, Hungary, and Egypt
The campaign is part of InvestHK’s broader effort to strengthen economic ties along the Belt and Road Initiative.
Economy
Hang Seng Bank opens flagship wealth centre in Central
The new facility is the largest among the bank’s nine such centres across Hong Kong and mainland China.
Financial Services