Property News · July 4, 2017

Citi’s move to East Kowloon is the latest exodus from Central


The Hong Kong head of US giant lender Citi, Weber Lo has led the bank’s 3,200 strong team in the city to exit Central for a new hotspot office in East Kowloon, in a trend that its peers may follow as rising rents in the financial district show no signs of abating .
“I believe it would be a trend for other banks or financial firms to consider to move away from Central to East Kowloon or other new commercial areas to achieve a cheaper cost and for a better working environment for…

Source : South China Morning Post
Read more…Citi’s move to East Kowloon is the latest exodus from Central

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