Commercial Property

This continues a four-month streak of positive net absorption. 

Office property investment in Hong Kong only brought in $2.3b in 2021.

Hong Kong dropped out of the list in 2021.

Thanks to the strengthened demand in the retail and industrial property sectors, analysts say.

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.