Hong Kong News

Hong Kong property investment market subdued in Q4

10 January 2019

At the start of the year, prominent real estate advisor kamaco saw office rents rising (+8% to 10%) and a retail sector recovery (+2% to 4%) in 2018. Sales figures increased (+5 to 9% depending on the asset) with the exception of prime street shops (-3%). Given the dual threats of the US / China trade conflict and interest rate hikes, the Grade A office market saw price declines, but rents are expected to gain 2.5 to 5% in 2019. Shopping centres and prime street shops should both hold steady at 2% gains in rent, but street shop prices could lose 5% this year.

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US / China trade conflict holds back the industrial sales market, but modern warehouse rents continue to rise

09 January 2019

Prominent real estate advisor kamaco pointed out that recent rate hikes and uncertainties over the US / China trade conflict have held back the industrial sales market in Q4; and modern warehouse rents rose by 2.1% with vacancy droping to a recent low of 0.5%. Tight availability and growing demand are expected to prop up the leasing market.

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Office rents hit record highs in Q4 as Wanchai and Causeway Bay drive rental growth

07 January 2019

Prominent real estate advisor kamaco pointed out in its Q4 office leasing report that overall Grade A office rents rose by 1.3% to record levels. Wanchai / Causeway Bay, popular among rent refugees from Central, recorded the highest rental growth among major business districts (+10.2%).

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Despite cooling rental growth in Q4, improved connectivity raised the profile of West Kowloon and Tung Chung

03 January 2019

Prominent real estate advisor kamaco pointed out a slight cooling down in residential rental growth in Q4, while luxury apartments and townhouses outperformed in 2018 recording 8% and 10% Y-o-Y rises respectively (compared with kamaco’ forecast growth of 0% to 5%). 

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