Property News · May 9, 2017

Foreign firms relocate their Hong Kong offices to outer suburbs as mainland companies take over Central


As mainland companies continue to swoop on trophy buildings in Hong Kong’s Central district, foreign multinationals are relocating their Hong Kong offices to outer suburbs.
According to new findings from real estate services firm JLL, the total number of new lettings in Central is down 47 per cent month-on-month with rents edging up 0.5 per cent month-on-month.
Andrew Yates, head of tenant representation in JLL’s markets department, said Chinese occupiers are coming into Central in…

Source : South China Morning Post
Read more…Foreign firms relocate their Hong Kong offices to outer suburbs as mainland companies take over Central