Report highlights

Office - Strong employment outlook supports leasing demand

A strong economy and labour market backed the leasing demand for office spaces; across Hong Kong, flexible workspace operators further expanded their footprints, while MNCs have been increasingly active with relocations and consolidations due to the rising rents in Central.

Residential - The secondary market is set to rebound

Hong Kong’s residential prices have been increasing for 23 consecutive months, and while transaction volumes declined in the primary market, the secondary market regained its momentum as the government changed its stamp duty policies.

Retail - Malls are tailoring retail offers to meet changing demand

Solid consumer sentiment is driving increased market activity. Due to strong employment and salary figures, and a surge in tourist arrivals, we are seeing rising retail sales and robust leasing demand for prime locations. The desire for new experiences is spurring new digital customer engagement initiatives from retailers.

Industrial - A notable rental growth amid limited supply

The industrial sector had a strong Q1 due to the limited supply and low vacancy, as well as high demand and remarkable growth in both rents and prices; furthermore, while being supported by the potential industrial revitalisation scheme, en bloc investments remained active, reaching historical highs.