Hong Kong Office and Retail Investment

Housing Investment Consultancy
Office and Retail Investment

November 2017

The office sales market is still active and plenty of positive factors remain in play while a subdued retail market waits for clearer signs of a turnaround.

The Central and Wanchai/Causeway Bay office markets are having an exceptional year with prices up 21% and 19% respectively YTD.

Office supply outside Kowloon East remains tight while negative real interest rates and Mainland buying are supporting positive sentiment.

Commercial land sales and tenders have generally attracted competitive bidding and winning bids have been at the high end of expectations or beyond.

The retail sales market has been less buoyant recently as investors wait for clearer evidence that the sector has turned the corner.

What activity there has been has tended to focus on the Northern New Territories where same day Mainland tourists are lifting spending.

Street shop prices drifted down marginally over the quarter, but at a much slower rate than we saw at the beginning of the year.

 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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