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Visitor Arrivals Continue to Support Hong Kong Retail Recovery, Grade A Office Net Absorption Still in Negative Territory

Residential Prices and Transaction Numbers Down Amid Interest Rate Uncertainty

  • Hong Kong retail market vacancy rates remained stable in Q3, with high street and F&B rents recording low single-digit growth, and jewellery & watches and cosmetics brands predominantly driving expansion
  • Overall Grade A office space net absorption remained mired in negative territory at -225,900 sq ft in Q3, although new leasing activity was notably more active compared to the prior two quarters
  • Persistent interest rate hikes and a downward stock market trend have slowed residential transactions in both primary and secondary home markets, with prices continuing to decline throughout Q3

HONG KONG SAR - Media OutReach - 10 October 2023 - Global real estate services firm Cushman & Wakefield today published its Hong Kong Property Markets Review and Outlook Q3 2023 report.

More Articles ...

  1. Report: Southeast Asia consumer confidence on track for rebound as value-seekers embrace new "needs"
  2. 48% of APAC C-suite admit current business transformations aren’t working, and only 51% effectively operate regeneratively – Kearney
  3. Infobip launches Experiences a new product with ChatGPT technology to revolutionize customer experience
  4. Chairman Chen Zhi and Prince Holding Group Receive Top Honors at Global Brands Awards
  5. Samsung’s Most Powerful Cordless Stick Vacuum, Bespoke Jet™ AI Now Available in Singapore
  6. Viu recognised for its contribution to making K-wave a global phenomenon at Asia Contents Awards & Global OTT Awards 2023
  7. FBS and Dignity for Children Foundation Enhance Educational Facilities in a Kuala Lumpur School
  8. Teledyne e2v to attend Seoul ADEX 2023
  9. Aon’s Global Medical Trend Rates Report Forecasts Increase in Employee Medical Plan Costs for Businesses in Asia Pacific, the Highest Since 2015
  10. Unveiling Petite Practice - A New Paediatric Clinic in Katong
  11. ISCA, COC and NCSS introduce a new programme to help charities strengthen accounting and finance processes for better governance
  12. New Report Highlights Key Elements of Cloud Workload Security Landscape
  13. Empowering Industries: Remego Implementation Of Innovative Software Showcases Its Role As A Value-Added Company
  14. Xiao-I Corporation Releases Hua Zang Large Language Model 1.1, Effectively Addressing Pain Points in Industry Applications with Its Support for Multiple Language Scenarios
  15. Kantar Uncovers Public's Emphasis on Health and Food Safety, Highlighting the Unlimited Potential for Vegan Seafood
  16. Hytera Facilitates a Successful Aramco Team Series 2023 at Hong Kong Golf Club
  17. Amazon Singapore unveils line-up of biggest deals for its first-ever Prime Big Deal Days
  18. Orion Capital Asia announces first closing of its third secured direct lending fund
  19. BingX Reveals Comprehensive Analysis on Potential Altcoins Growth for Q4 2023
  20. Academic Labs and AsiaTokenFund Group Forge Groundbreaking Partnership in Harnessing Web 3.0 and AI for Education Advancement.

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MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

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