{"id":114573,"date":"2020-02-27T07:30:05","date_gmt":"2020-02-27T00:30:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-plummet-as-coronavirus-drags-hong-kongs-commercial-property-transactions-to-an-all-time-low\/"},"modified":"2020-02-27T08:17:03","modified_gmt":"2020-02-27T01:17:03","slug":"office-rents-plummet-as-coronavirus-drags-hong-kongs-commercial-property-transactions-to-an-all-time-low","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-plummet-as-coronavirus-drags-hong-kongs-commercial-property-transactions-to-an-all-time-low\/","title":{"rendered":"Office rents plummet as coronavirus drags Hong Kong\u2019s commercial property transactions to an all-time low"},"content":{"rendered":"


\nHong Kong\u2019s commercial property market, already reeling from last year\u2019s protests, is about to slide further into the doldrums as the coronavirus epidemic saps demand, according to analysts.The volume of transactions for office, retail and industrial properties is poised for a historic low in February, having already sunk to record levels in the previous two months. Meanwhile, a grade-A office building near Central has seen its rent plummet by two thirds to HK$42 (US$5.4) per square foot, the\u2026
\n
\nSource : South China Morning Post
\nRead more…Office rents plummet as coronavirus drags Hong Kong\u2019s commercial property transactions to an all-time low<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s commercial property market, already reeling from last year\u2019s protests, is about to slide...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114573","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tNX","jetpack-related-posts":[{"id":154228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-office-rents-plummet-landlords-upgrade-with-video-walls-to-lure-tenants\/","url_meta":{"origin":114573,"position":0},"title":"As Hong Kong office rents plummet, landlords upgrade with video walls to lure tenants","date":"May 26, 2025","format":false,"excerpt":"\r JLL says nearly 44 per cent of Hong Kong\u2019s grade A office space is more than 30 years old.\r \r Source : South China Morning Post\r Read more...As Hong Kong office rents plummet, landlords upgrade with video walls to lure tenants","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-of-hong-kongs-ginza-style-commercial-buildings-slash-rents-and-target-non-restaurant-tenants-amid-coronavirus-downturn\/","url_meta":{"origin":114573,"position":1},"title":"Landlords of Hong Kong\u2019s \u2018Ginza-style\u2019 commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn","date":"September 2, 2020","format":false,"excerpt":"\r Landlords of Hong Kong\u2019s \u201cGinza-style\u201d commercial buildings are slashing rents by up to 40 per cent and shifting their focus away from restaurants and bars to survive the dramatic downturn in the catering and retail sectors caused by the coronavirus pandemic.As rents of street-level shops and restaurants have tumbled,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-making-hotels-seek-complete-rates-exemption-as-coronavirus-crushes-tourism-industry\/","url_meta":{"origin":114573,"position":2},"title":"Hong Kong\u2019s loss-making hotels seek complete rates exemption as coronavirus crushes tourism industry","date":"July 29, 2020","format":false,"excerpt":"\r Hong Kong\u2019s beleaguered hotel owners are pressing the government to waive rates for the next three quarters up to March, pointing out that they are running at a loss because of the coronavirus outbreak that has seen tourist numbers to the city plummet nearly 100 per cent.The Federation of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/","url_meta":{"origin":114573,"position":3},"title":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment","date":"September 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117170,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investors-shun-commercial-real-estate-as-hong-kong-grapples-with-coronavirus-impact-political-fallout\/","url_meta":{"origin":114573,"position":4},"title":"Investors shun commercial real estate as Hong Kong grapples with coronavirus impact, political fallout","date":"June 16, 2020","format":false,"excerpt":"\r Hong Kong\u2019s commercial real estate market is expected to be hobbled by uncertainty surrounding the controversial security law, with transactions already growing at the slowest pace since the global financial crisis, analysts said.Although the impact may be short-lived, this will not help the already flagging real estate market in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-near-hong-kongs-universities-on-the-rise-as-more-mainland-chinese-students-return-amid-easing-coronavirus-crisis\/","url_meta":{"origin":114573,"position":5},"title":"Rents near Hong Kong\u2019s universities on the rise as more mainland Chinese students return amid easing coronavirus crisis","date":"July 7, 2022","format":false,"excerpt":"\r An increase in demand from mainland Chinese students as Hong Kong\u2019s coronavirus crisis has eased has boosted the rents in housing estates close to universities, particularly in Kowloon Tong and Sha Tin, according to tenants, landlords and agents.\r \r Source : South China Morning Post\r Read more...Rents near Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114573"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114573"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}