{"id":117684,"date":"2020-07-09T14:00:11","date_gmt":"2020-07-09T07:00:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/exodus-of-us-firms-from-hong-kong-to-avoid-sanctions-imposed-in-wake-of-security-law-would-hit-office-market-already-hurt-by-unrest-coronavirus\/"},"modified":"2020-07-09T15:03:26","modified_gmt":"2020-07-09T08:03:26","slug":"exodus-of-us-firms-from-hong-kong-to-avoid-sanctions-imposed-in-wake-of-security-law-would-hit-office-market-already-hurt-by-unrest-coronavirus","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exodus-of-us-firms-from-hong-kong-to-avoid-sanctions-imposed-in-wake-of-security-law-would-hit-office-market-already-hurt-by-unrest-coronavirus\/","title":{"rendered":"Exodus of US firms from Hong Kong to avoid sanctions imposed in wake of security law would hit office market already hurt by unrest, coronavirus"},"content":{"rendered":"


\nA potential exodus of American companies from Hong Kong to avoid sanctions from US legislation that seeks to punish those who undermine the city\u2019s freedom is likely to put pressure on landlords to reduce rents of prime office space, analysts said.The fallout could be as much as a 30 per cent cut in rents, given that American companies are now the single largest occupier of prime office space in the city, according to one estimate. If the scenario plays out, it will further damage an office\u2026
\n
\nSource : South China Morning Post
\nRead more…Exodus of US firms from Hong Kong to avoid sanctions imposed in wake of security law would hit office market already hurt by unrest, coronavirus<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A potential exodus of American companies from Hong Kong to avoid sanctions from US legislation...<\/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-117684","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-uC8","jetpack-related-posts":[{"id":112544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-prime-office-rents-fall-by-most-in-a-decade-as-protests-chill-market-chinese-companies-retreat\/","url_meta":{"origin":117684,"position":0},"title":"Hong Kong\u2019s prime office rents fall by most in a decade as protests chill market, Chinese companies retreat","date":"November 22, 2019","format":false,"excerpt":"\r More than five months of social unrest in Hong Kong is starting to hurt prime office landlords with rent falling by the most in a decade as multinationals downsized and mainland Chinese firms retreated from the city.\r\rOverall rents in Grade A offices fell 1.6 per cent to HK$74.30 (US$9.50)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-the-most-expensive-on-the-planet-will-only-go-up-even-amid-exodus-says-districts-biggest-landlord\/","url_meta":{"origin":117684,"position":1},"title":"Office rents in Hong Kong\u2019s Central, the most expensive on the planet, will only go up even amid exodus, says district\u2019s biggest landlord","date":"October 2, 2018","format":false,"excerpt":"\r Office rents in Hong Kong\u2019s Central district, already the planet\u2019s most expensive, are likely to remain sky high even as more firms are moving out of the city centre in search of cheaper accommodation. That\u2019s according to Raymond Chow, executive director for commercial property at Hongkong Land, Central\u2019s largest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-heights-for-hong-kong-prime-office-rents-as-mainland-companies-fuel-demand\/","url_meta":{"origin":117684,"position":2},"title":"New heights for Hong Kong prime office rents, as mainland companies fuel demand","date":"October 25, 2017","format":false,"excerpt":"\r Hong Kong has become even more costly in terms of high-end office space, as strong demand among mainland Chinese companies continues to push up rents in the central business district, according to data for the first three quarters of the year. Grade A office rents in Hong Kong rose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59739,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citis-move-to-east-kowloon-is-the-latest-exodus-from-central\/","url_meta":{"origin":117684,"position":3},"title":"Citi\u2019s move to East Kowloon is the latest exodus from Central","date":"July 4, 2017","format":false,"excerpt":"\r The Hong Kong head of US giant lender Citi, Weber Lo has led the bank\u2019s 3,200 strong team in the city to exit Central for a new hotspot office in East Kowloon, in a trend that its peers may follow as rising rents in the financial district show no\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54713,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-hip-to-work-in-quarry-bay-as-foreign-firms-exodus-central\/","url_meta":{"origin":117684,"position":4},"title":"It\u2019s hip to work in Quarry Bay, as foreign firms exodus Central","date":"May 14, 2017","format":false,"excerpt":"\r Quarry Bay is quickly becoming Hong Kong\u2019s new hip business district, as mainland companies take over Central, and foreign firms leave in their droves. As mainlanders continue to swoop on trophy buildings in Central, foreign multinationals are relocating to the east of Hong Kong Island, and this \u201cdecentralisation\u201d has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/broker-exodus-high-rents-and-electronic-trading-have-seen-more-than-half-of-hong-kongs-brokerages-leave-central-since-1997\/","url_meta":{"origin":117684,"position":5},"title":"Broker exodus: high rents and electronic trading have seen more than half of Hong Kong\u2019s brokerages leave Central since 1997","date":"June 22, 2022","format":false,"excerpt":"\r About half of the city\u2019s brokerage firms today are in Wan Chai, Causeway Bay and farther-flung districts \u2013 a big change from the pre-handover days when rents were lower and electronic trading did not exist.\r \r Source : South China Morning Post\r Read more...Broker exodus: high rents and electronic\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\/117684"}],"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=117684"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}