Property News · December 1, 2020

Covid-19 has provided Hong Kong property developers with opportunity to evolve world’s most expensive office market


A long-term trophy among global property markets, Hong Kong has needed a myriad of external events to accelerate long-awaited changes in real estate.Hong Kong’s high office rents and low vacancy rates have consistently made news headlines. More recently, this has changed to significant rental declines, pushed by economic challenges and Covid-19. But even with year-to-date adjustments in rents amounting to more than 20 per cent declines in average rentals, according to JLL research, Hong Kong…

Source : South China Morning Post
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