{"id":119389,"date":"2020-12-01T12:15:11","date_gmt":"2020-12-01T05:15:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/covid-19-has-provided-hong-kong-property-developers-with-opportunity-to-evolve-worlds-most-expensive-office-market\/"},"modified":"2020-12-01T13:04:05","modified_gmt":"2020-12-01T06:04:05","slug":"covid-19-has-provided-hong-kong-property-developers-with-opportunity-to-evolve-worlds-most-expensive-office-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/covid-19-has-provided-hong-kong-property-developers-with-opportunity-to-evolve-worlds-most-expensive-office-market\/","title":{"rendered":"Covid-19 has provided Hong Kong property developers with opportunity to evolve world\u2019s most expensive office market"},"content":{"rendered":"


\nA long-term trophy among global property markets, Hong Kong has needed a myriad of external events to accelerate long-awaited changes in real estate.Hong Kong\u2019s high office rents and low vacancy rates have consistently made news headlines. More recently, this has changed to significant rental declines, pushed by economic challenges and Covid-19. But even with year-to-date adjustments in rents amounting to more than 20 per cent declines in average rentals, according to JLL research, Hong Kong\u2026
\n
\nSource : South China Morning Post
\nRead more…Covid-19 has provided Hong Kong property developers with opportunity to evolve world\u2019s most expensive office market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A long-term trophy among global property markets, Hong Kong has needed a myriad of external...<\/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-119389","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-v3D","jetpack-related-posts":[{"id":162515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-retail-sales-recover-can-landlords-follow-with-higher-shop-rents\/","url_meta":{"origin":119389,"position":0},"title":"As Hong Kong retail sales recover, can landlords follow with higher shop rents?","date":"October 12, 2025","format":false,"excerpt":"\r Ever since Hong Kong\u2019s retail sector shook off 14 months of consecutive declines in May, analysts have been speculating whether the city\u2019s landlords and developers can look forward to rental increases sooner rather than later. Hong Kong retailers such as Bakehouse and Korean food and beverage operator Seoul Recipe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-vacancy-sliding-rents-in-hong-kong-signal-cracks-in-worlds-most-expensive-retail-strip-to-persist-into-new-year\/","url_meta":{"origin":119389,"position":1},"title":"Rising vacancy, sliding rents in Hong Kong signal cracks in world\u2019s most expensive retail strip to persist into new year","date":"September 10, 2020","format":false,"excerpt":"\r The world\u2019s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong\u2019s deepening recession.Global brands from Prada to Rolex and Victoria\u2019s Secret have in the past year vacated their space near or along Russell\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-protests-hit-business-landlords-offer-hk1-rents-in-citys-most-expensive-office-towers\/","url_meta":{"origin":119389,"position":2},"title":"As Hong Kong protests hit business, landlords offer HK$1 rents in city\u2019s most expensive office towers","date":"October 22, 2019","format":false,"excerpt":"\r Some landlords are getting desperate in attracting tenants to their offices in Hong Kong, as more than four months of civic unrest have deterred many companies \u2013 especially mainland Chinese tenants more willing to pay top dollar for marquee addresses \u2013 from expanding their businesses in the world\u2019s costliest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26133,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-high-rise-office-rents-decline-by-7-pc-as-demand-slows-hong-kong-still-the-most-expensive-market\/","url_meta":{"origin":119389,"position":3},"title":"Singapore high-rise office rents decline by 7 pc as demand slows; Hong Kong still the most expensive market","date":"September 15, 2016","format":false,"excerpt":"\r Singapore landlords are paying the penalty for a slowing economy. Alone among the world\u2019s major cities, the cost of renting an office with panoramic views is falling as supply outstrips demand.\r \r Source : South China Morning Post\r Read more...Singapore high-rise office rents decline by 7 pc as demand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/","url_meta":{"origin":119389,"position":4},"title":"Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests","date":"September 7, 2020","format":false,"excerpt":"\r Russell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and often in the past the one with the world\u2019s highest commercial real-estate rents, is a shadow of its former self.Watch brand Rolex, lingerie label La Perla, skincare brand Kiehl\u2019s and watchmaker Omega have all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146435,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mainland-china-weigh-on-asia-pacific-office-rents-amid-high-vacancy-report\/","url_meta":{"origin":119389,"position":5},"title":"Hong Kong, mainland China weigh on Asia-Pacific office rents amid high vacancy: report","date":"July 18, 2024","format":false,"excerpt":"\r Beijing, Shanghai, Hong Kong and Guangzhou had the sharpest declines among 23 cities in the second quarter, consultancy Knight Frank says.\r \r Source : South China Morning Post\r Read more...Hong Kong, mainland China weigh on Asia-Pacific office rents amid high vacancy: report","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\/119389"}],"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=119389"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119389\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}