{"id":120768,"date":"2021-07-02T06:30:19","date_gmt":"2021-07-01T23:30:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-departments-take-advantage-of-falling-rents-to-lease-more-office-space-in-kowloon\/"},"modified":"2021-07-18T17:04:47","modified_gmt":"2021-07-18T10:04:47","slug":"hong-kong-government-departments-take-advantage-of-falling-rents-to-lease-more-office-space-in-kowloon","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-departments-take-advantage-of-falling-rents-to-lease-more-office-space-in-kowloon\/","title":{"rendered":"Hong Kong government departments take advantage of falling rents to lease more office space in Kowloon"},"content":{"rendered":"


\nThe Hong Kong government is taking advantage of the drop in office rents to seek additional space for some departments, joining private companies looking to expand amid an improving economy.The Transport Department recently signed a lease for a huge office space in Kowloon, while the Lands Department is in talks with landlords to take up additional office space, according to Knight Frank.In May, office rents in Kowloon East fell 9.3 per cent year on year to HK$26.9 per square foot per month,\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong government departments take advantage of falling rents to lease more office space in Kowloon<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong government is taking advantage of the drop in office rents to seek...<\/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-120768","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-vpS","jetpack-related-posts":[{"id":130666,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ubs-to-lease-office-space-in-sun-hung-kais-west-kowloon-project-from-2026-bringing-its-hong-kong-staff-under-one-roof\/","url_meta":{"origin":120768,"position":0},"title":"UBS to lease office space in Sun Hung Kai\u2019s West Kowloon project from 2026, bringing its Hong Kong staff under one roof","date":"October 10, 2022","format":false,"excerpt":"\r The Swiss investment bank said it will lease 250,000 square feet of office space in the tallest tower of the West Kowloon terminus project, a small cluster of commercial buildings scheduled for completion in 2025.\r \r Source : South China Morning Post\r Read more...UBS to lease office space in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-new-supply-in-west-kowloon-dampen-hong-kongs-record-office-rents\/","url_meta":{"origin":120768,"position":1},"title":"Will new supply in West Kowloon dampen Hong Kong\u2019s record office rents?","date":"April 10, 2018","format":false,"excerpt":"\r In his latest budget, Hong Kong\u2019s Financial Secretary Paul Chan Man-po has designated the land plot above the West Kowloon Express Rail Link (XRL) terminal to be up for sale. The site will generate a substantial amount of grade A office space that is more than double the existing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/looking-for-a-flat-for-under-hk10000m-on-hong-kong-island-or-kowloon-no-chance-says-leading-agency\/","url_meta":{"origin":120768,"position":2},"title":"Looking for a flat for under HK$10,000\/m on Hong Kong Island or Kowloon? \u2018No chance,\u2019 says leading agency","date":"October 10, 2017","format":false,"excerpt":"\r Flats to rent under HK$10,000 (US$1,281) per month have almost vanished from the urban area of Hong Kong \u2013 the most expensive housing market in the world, according to latest research by Centaline Property Agency. Urban areas refer to Hong Kong Island and Kowloon, however subdivided flats are not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-may-attract-more-chinese-firms-as-office-rental-cost-gap-narrows-between-greater-bay-area-cities-and-hong-kong\/","url_meta":{"origin":120768,"position":3},"title":"Kowloon may attract more Chinese firms as office-rental cost gap narrows between Greater Bay Area cities and Hong Kong","date":"June 21, 2022","format":false,"excerpt":"\r The average office rent fell nearly 10 per cent in May in Kowloon, leaving rents in the parts of the district close to what they are in Shenzhen and Guangzhou.\r \r Source : South China Morning Post\r Read more...Kowloon may attract more Chinese firms as office-rental cost gap narrows\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":120768,"position":4},"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":170482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ubs-move-to-west-kowloon-reshapes-demand-in-hong-kong-office-market\/","url_meta":{"origin":120768,"position":5},"title":"UBS move to West Kowloon reshapes demand in Hong Kong office market","date":"February 3, 2026","format":false,"excerpt":"\r As UBS consolidates its Hong Kong operations in West Kowloon to deepen mainland-linked growth, it does so at a time when Hong Kong\u2019s office market is showing tentative signs of recovery in prime districts such as Central. The consolidation is set to release office space in Central, contributing to\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\/120768"}],"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=120768"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120768\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}