Property News · July 2, 2021

Hong Kong government departments take advantage of falling rents to lease more office space in Kowloon


The Hong Kong government is taking advantage of the drop in office rents to seek additional space for some departments, joining private companies looking to expand amid an improving economy.The Transport Department recently signed a lease for a huge office space in Kowloon, while the Lands Department is in talks with landlords to take up additional office space, according to Knight Frank.In May, office rents in Kowloon East fell 9.3 per cent year on year to HK$26.9 per square foot per month,…

Source : South China Morning Post
Read more…Hong Kong government departments take advantage of falling rents to lease more office space in Kowloon

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