Property News · November 13, 2020

Hong Kong banks lose appetite for prime space in world’s costliest city as work-from-home becomes permanent post-Covid


Demand for Hong Kong’s prime office space is likely to fall as some of the city’s biggest banks, including Standard Chartered and HSBC, are considering more flexible working arrangements after their success during the coronavirus pandemic, according to market observers.Financial companies are some of the biggest commercial renters in Hong Kong, accounting for 73 per cent of the grade A office space in Central, according to third-quarter data from Knight Frank.And vacancy rates are rising,…

Source : South China Morning Post
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