{"id":84916,"date":"2018-04-10T18:02:29","date_gmt":"2018-04-10T11:02:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-new-supply-in-west-kowloon-dampen-hong-kongs-record-office-rents\/"},"modified":"2018-04-10T19:03:19","modified_gmt":"2018-04-10T12:03:19","slug":"will-new-supply-in-west-kowloon-dampen-hong-kongs-record-office-rents","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-new-supply-in-west-kowloon-dampen-hong-kongs-record-office-rents\/","title":{"rendered":"Will new supply in West Kowloon dampen Hong Kong\u2019s record office rents?"},"content":{"rendered":"<p>&#013;<br \/>\nIn 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 stock in the area.<br \/>\nWith the opening of the terminal this year, this upsurge of space is set to have a huge impact on the office market in West Kowloon in the short term, which will spread to the entire Tsim Sha&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2141078\/will-new-supply-west-kowloon-dampen-hong-kongs-record\" target=\"_blank\">Will new supply in West Kowloon dampen Hong Kong\u2019s record office rents?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; In his latest budget, Hong Kong\u2019s Financial Secretary Paul Chan Man-po has designated the land&#46;&#46;&#46;<\/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-84916","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-m5C","jetpack-related-posts":[{"id":81986,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/winner-of-express-rail-link-plot-likely-to-gain-pole-position-in-hong-kongs-second-central\/","url_meta":{"origin":84916,"position":0},"title":"Winner of Express Rail Link plot likely to gain pole position in \u2018Hong Kong\u2019s second Central\u2019","date":"March 6, 2018","format":false,"excerpt":"\r The future supply of grade A office space in West Kowloon \u2013 an area already being widely dubbed as \u201cHong Kong\u2019s second Central\u201d \u2013 may be dominated by the winning bidder of one mega government-owned commercial plot being sold next month in the area, according to industry experts. Sitting\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":84916,"position":1},"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 &quot;Property News&quot;","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":84916,"position":2},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20070,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-buyer-of-hong-kongs-most-expensive-home-strikes-again-this-time-in-kowloon\/","url_meta":{"origin":84916,"position":3},"title":"The buyer of Hong Kong\u2019s most expensive home strikes again \u2014 this time in Kowloon","date":"July 18, 2016","format":false,"excerpt":"\r Cheung Kei Group, the mainland Chinese conglomerate which last month spent HK$2.1 billion on a house on the Peak, said on Monday it agreed to buy an office tower in Hong Kong\u2019s Kowloon district for HK$4.5 billion.\r \r Source : South China Morning Post\r Read more...The buyer of Hong\u2026","rel":"","context":"In &quot;Property News&quot;","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":84916,"position":4},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hk4-5-billion-for-a-kowloon-office-tower-the-buyer-of-hong-kongs-most-expensive-home-strikes-again\/","url_meta":{"origin":84916,"position":5},"title":"HK$4.5 billion for a Kowloon office tower? The buyer of Hong Kong\u2019s most expensive home strikes again","date":"July 18, 2016","format":false,"excerpt":"\r Cheung Kei Group, the mainland Chinese conglomerate which last month spent HK$2.1 billion on a house on the Peak, said on Monday it agreed to buy an office tower in Hong Kong\u2019s Kowloon district for HK$4.5 billion.\r \r Source : South China Morning Post\r Read more...HK.5 billion for a\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84916"}],"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=84916"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}