Property News · January 16, 2019

Office rents headed higher in Island East and Tsim Sha Tsui, as Central exodus gathers steam


The decentralisation of companies moving away from the core business district will accelerate after the opening of the HK$36 billion (US$4.59 billion) Central-Wan Chai Bypass and Island Eastern Corridor Link on Sunday, according to property consultants.
The bypass means vehicles will only need five minutes to travel from Central to North Point at Island Eastern Corridor, down from as much as 35 minutes currently, according to the Highways Department.
Banks and service companies are likely to…

Source : South China Morning Post
Read more…Office rents headed higher in Island East and Tsim Sha Tsui, as Central exodus gathers steam

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