{"id":59739,"date":"2017-07-04T15:30:48","date_gmt":"2017-07-04T08:30:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/citis-move-to-east-kowloon-is-the-latest-exodus-from-central\/"},"modified":"2017-07-04T15:39:11","modified_gmt":"2017-07-04T08:39:11","slug":"citis-move-to-east-kowloon-is-the-latest-exodus-from-central","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citis-move-to-east-kowloon-is-the-latest-exodus-from-central\/","title":{"rendered":"Citi\u2019s move to East Kowloon is the latest exodus from Central"},"content":{"rendered":"


\nThe 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 signs of abating .
\n\u201cI believe it would be a trend for other banks or financial firms to consider to move away from Central to East Kowloon or other new commercial areas to achieve a cheaper cost and for a better working environment for…
\n
\nSource : South China Morning Post
\nRead more…Citi\u2019s move to East Kowloon is the latest exodus from Central<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong head of US giant lender Citi, Weber Lo has led the bank\u2019s...<\/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-59739","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-fxx","jetpack-related-posts":[{"id":69858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-east-to-become-hong-kongs-no%e2%80%891-office-market-in-10-years-says-cbre\/","url_meta":{"origin":59739,"position":0},"title":"Kowloon East to become Hong Kong\u2019s No\u20091 office market in 10 years, says CBRE","date":"October 24, 2017","format":false,"excerpt":"\r Kowloon East will replace Central as Hong Kong\u2019s largest office market in terms of total supply in 10 years, according to a report published on Tuesday by real estate services and investment company CBRE. Grade A office floor area in Kowloon East will expand to 7 million square feet\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grand-central-flats-in-east-kowloon-nearly-sell-out-giving-sino-land-a-strong-finish-to-rocky-year-for-developers\/","url_meta":{"origin":59739,"position":1},"title":"Grand Central flats in East Kowloon nearly sell out, giving Sino Land a strong finish to rocky year for developers","date":"December 30, 2018","format":false,"excerpt":"\r Hong Kong developer Sino Land is closing the year on positive note, after buyers snapped up close to 90 per cent of its flats for sale on Saturday. About 180 of the 208 units the company released at the fourth round sale of its Grand Central residential project in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bids-flood-in-for-east-kowloon-site-as-developers-shrug-off-cooling-measures\/","url_meta":{"origin":59739,"position":2},"title":"Bids flood in for East Kowloon site as developers shrug off cooling measures","date":"November 11, 2016","format":false,"excerpt":"\r At least 11 developers on Friday submitted bids for a residential site in eastern Kowloon, suggesting that the stamp duty introduced last week as the latest property market-cooling measure has not dampened their appetite for land. Hong Kong developers Henderson Land Development, Sino Land and Sun Hung Kai Properties\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":59739,"position":3},"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":[]},{"id":91212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-grows-for-offices-in-hong-kongs-second-cbd-kowloon-east\/","url_meta":{"origin":59739,"position":4},"title":"Demand grows for offices in Hong Kong\u2019s \u2018second CBD\u2019: Kowloon East","date":"June 12, 2018","format":false,"excerpt":"\r Two years ago, the commercial real estate market was seriously concerned by the wave of new supply about to hit Kowloon East. What was commonly being referred to as \u201cCore Business District 2\u201d was at risk of significant rental drops as the market pondered how, and who would fill,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-central-and-west-kowloon-the-second-and-fifth-most-expensive-office-locations-in-the-world-says-cbre\/","url_meta":{"origin":59739,"position":5},"title":"Hong Kong\u2019s Central and West Kowloon the second- and fifth-most-expensive office locations in the world, says CBRE","date":"December 21, 2015","format":false,"excerpt":"\r Hong Kong\u2019s Central and West Kowloon are the second- and fifth-most-expensive office locations in the world, according to CBRE Research\u2019s semi-annual Global Prime Office Occupancy Costs survey.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s Central and West Kowloon the second- and fifth-most-expensive office locations in the\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\/59739"}],"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=59739"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}