{"id":119239,"date":"2020-11-13T09:00:19","date_gmt":"2020-11-13T02:00:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-lose-appetite-for-prime-space-in-worlds-costliest-city-as-work-from-home-becomes-permanent-post-covid\/"},"modified":"2020-11-13T09:08:51","modified_gmt":"2020-11-13T02:08:51","slug":"hong-kong-banks-lose-appetite-for-prime-space-in-worlds-costliest-city-as-work-from-home-becomes-permanent-post-covid","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-lose-appetite-for-prime-space-in-worlds-costliest-city-as-work-from-home-becomes-permanent-post-covid\/","title":{"rendered":"Hong Kong banks lose appetite for prime space in world\u2019s costliest city as work-from-home becomes permanent post-Covid"},"content":{"rendered":"


\nDemand for Hong Kong\u2019s prime office space is likely to fall as some of the city\u2019s biggest banks, including Standard Chartered and HSBC, are considering more flexible working arrangements after their success during the coronavirus pandemic, according to market observers.Financial companies are some of the biggest commercial renters in Hong Kong, accounting for 73 per cent of the grade A office space in Central, according to third-quarter data from Knight Frank.And vacancy rates are rising,\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong banks lose appetite for prime space in world\u2019s costliest city as work-from-home becomes permanent post-Covid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Demand for Hong Kong\u2019s prime office space is likely to fall as some of the...<\/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-119239","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-v1d","jetpack-related-posts":[{"id":135702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-euroeyes-to-open-first-clinic-in-city-on-russell-street-ditch-hospital-like-atmosphere-for-one-of-worlds-costliest-retail-strips\/","url_meta":{"origin":119239,"position":0},"title":"Hong Kong-listed EuroEyes to open first clinic in city on Russell Street, ditch \u2018hospital-like atmosphere\u2019 for one of world\u2019s costliest retail strips","date":"March 31, 2023","format":false,"excerpt":"\r Germany-based and Hong Kong-listed EuroEyes International Eye Clinic is set to open its first store in the city, taking over the space occupied by Prada in one of the world\u2019s costliest retail strips.\r \r Source : South China Morning Post\r Read more...Hong Kong-listed EuroEyes to open first clinic in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115188,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worlds-costliest-offices-are-poised-to-enter-tenants-market-as-hong-kong-businesses-reel-from-coronavirus-protest-movement\/","url_meta":{"origin":119239,"position":1},"title":"World\u2019s costliest offices are poised to enter tenants\u2019 market as Hong Kong businesses reel from coronavirus, protest movement","date":"March 27, 2020","format":false,"excerpt":"\r Hong Kong\u2019s notoriously pricey office rental sector is fast becoming a tenants\u2019 market as last year\u2019s protest movement and the current coronavirus pandemic have prompted struggling companies to bail on their leases.A huge increase in firms, from co-working space providers to finance companies and retailers, abandoning their offices before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worlds-costliest-office-market-shows-first-signs-of-weakness-as-hong-kong-withdraws-biggest-commercial-site-this-year-developer-cuts-rent-at-kai-tak-tower-by-20-per-cent\/","url_meta":{"origin":119239,"position":2},"title":"World\u2019s costliest office market shows first signs of weakness, as Hong Kong withdraws biggest commercial site this year, developer cuts rent at Kai Tak tower by 20 per cent","date":"October 21, 2020","format":false,"excerpt":"\r In the first signs of a slowdown in Hong Kong\u2019s office property market, the government withdrew this year\u2019s largest commercial site from tender, while Nan Fung Development lowered the asking rent for a grade A office tower under construction at Kai Tak by up to 20 per cent.Bids for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ashgabat-wrecked-by-inflation-shoves-aside-hong-kong-as-worlds-costliest-expatriate-city\/","url_meta":{"origin":119239,"position":3},"title":"Ashgabat, wrecked by inflation, shoves aside Hong Kong as world\u2019s costliest expatriate city","date":"June 22, 2021","format":false,"excerpt":"\r Ashgabat, the Turkmen capital with the world\u2019s largest concentration of white marble-finished buildings, has unseated Hong Kong from its three-year perch as the most expensive urban centre on earth for expatriates, according to Mercer\u2019s 2021 cost of living survey.The central Asian capital, where inflation slowed to 7.6 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-center-is-back-in-hong-kong-hands-as-mainland-firm-pulls-out-of-buying-worlds-costliest-tower\/","url_meta":{"origin":119239,"position":4},"title":"The Center is back in Hong Kong hands as mainland firm pulls out of buying world\u2019s costliest tower","date":"February 27, 2018","format":false,"excerpt":"\r Two Hong Kong-based tycoons have emerged to replace a mainland Chinese shareholder in the consortium that bought Li Ka-shing\u2019s The Center tower, barely three months after the C.H.M.T Peaceful Development Asia Property group hogged the media spotlight as owners of the world\u2019s priciest office building. Pollyanna Chu, Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-how-10-buyers-went-around-their-banks-and-ended-up-owning-the-worlds-costliest-tower\/","url_meta":{"origin":119239,"position":5},"title":"Here\u2019s how 10 buyers went around their banks and ended up owning the world\u2019s costliest tower","date":"May 3, 2018","format":false,"excerpt":"\r A consortium of property investors led by two Hong Kong tycoons yesterday closed their HK$40.2 billion (US$5.15 billion) takeover of Li Ka-shing\u2019s The Center building, in an innovative bit of financial engineering that required them to put up capital equivalent to 20 per cent of their purchase. The C.H.M.T\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\/119239"}],"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=119239"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119239\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}