Property News · July 30, 2020

Hong Kong’s office landlords may have reached peak suffering from rental slump with stocks at bargains, Morgan Stanley says


Hong Kong’s office landlords may have reached peak suffering from the rental slump, according to US investment bank Morgan Stanley. The work-from-home arrangement may not inflict much more pain.Office rents in the city declined by 13 per cent in the first half this year, the most six among Asian cities, it said, driving stock prices deeply below their asset backing. While the trend may persist this year, the damage is already in the price, it added.The assessment suggests investors have been…

Source : South China Morning Post
Read more…Hong Kong’s office landlords may have reached peak suffering from rental slump with stocks at bargains, Morgan Stanley says

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