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Hong Kong Office Rent Slide Slows in August, New Lettings Uptick

Hong Kong Office Rent Slide Slows in August, New Lettings Uptick

According to JLL's latest Property Market Monitor report released this week, Hong Kong's overall Grade A office rental market is declining at a more moderate level in August 2020, as the COVID-19 pandemic's third wave recedes. Read More »


Turkey Top Ranked Market in Latest Global House Price Index

Turkey Top Ranked Market in Latest Global House Price Index

According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year. Read More »

Hong Kong Luxury Home Sales Plummet to 4-Year Low in 2020

Hong Kong Luxury Home Sales Plummet to 4-Year Low in 2020

In the midst of the COVID-19 outbreak and deepened economic weaknesses, monthly transactions volume of high-end residential properties in the first half has dropped visibly compared to previous years in Hong Kong. Read More »

Global Commercial Property Investment Plummets 57 Percent in Q2

Global Commercial Property Investment Plummets 57 Percent in Q2

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis. Read More »


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Global Property Spotlight

Grand Tetons Wonderland - (Driggs, Idaho)

Grand Tetons Wonderland - (Driggs, Idaho)

Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho. Read More »

Last Updated September 25, 2020 9:00 AM ET

Hong Kong Property News

Residential sales are anticipated to fall sharply in the short run, as new projects slated for sales will likely be postponed when the third wave of COVID-19 continues to hit the city.

Global property consultant JLL is reporting this week that the full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in the second quarter of 2020 than the previous quarter.

Capital values of mass residential remain resilient in H1 2020, but the rising unemployment rate will weigh on housing prices by the end of this year.

The primary growth node in the Greater Bay Area (GBA) as its concentration of highly innovative and technically-advanced industries could help stimulate economic development.

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.

Hong Kong's luxury residential market gained momentum in May as quantitative easing started to take effect after a relatively quiet period since Christmas/New Year

Hong Kong's Central's Grade A office rents fell 2.7% to HKD 102.4 per sq. ft in May 2020 as the vacancy rate reached 5% for the first time since the Global Financial Crisis in 2008.

As businesses prepare to return to the office amid an easing of lockdown restrictions across Asia Pacific, many are considering how their corporate real estate portfolios should look in the 'new normal'.

According to JLL's latest Residential Market Monitor Report, Hong Kong's luxury residential properties face a double whammy from the weakening leasing and buying demand.

The price fall in mass residential is milder than that of office and retail during the market downturn.

According to JLL's latest Property Market Monitor, while Hong Kong's COVID-19 outbreak was showing signs of stabilization towards the end of April, office-leasing demand remained relatively weak. New lettings contracted by 14% month-over-month.

Hong Kong's unemployment rate has increased progressively to a nine-year high amid the COVID-19 pandemic and social tension. The rising unemployment rate in the city is putting pressure on local housing prices.

Only 40 apartment flats from two new mass residential projects have been launched in the primary market one month after the Chinese New Year (January 25, 2020), compared to the past three years' average of around 530 flats.

According to global property consultant Knight Frank's latest Wealth Report 2020 reveals that private capital was responsible for $333 billion of all commercial real estate purchases in 2019, a 5% rise on the previous year.

U.S. net-lease investment reached record highs in 2019, with investors increasingly attracted to opportunities in high-growth secondary and tertiary markets.

Central's Grade A office rents dropped the sharpest among Hong Kong's core business districts as its vacancy rate reached 4% in January 2020, the first time in more than five years.

With the longest global economic expansion on record, international commercial property investors now face an increasingly complex calculus.

International property consultant CBRE is reporting this week that global commercial real estate investment volume in Q4 of 2019, including entity-level deals, was nearly level (-0.5%) with Q4 2018, while full-year volume fell by 2% from 2018.


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