Colliers - Research & Forecast Report 2Q 2015 Hong Kong Office, Residential, Industrial and Ret
Colliers - Research & Forecast Report 2Q 2015
Hong Kong Office, Residential, Industrial and Retail Property Markets
Office: The market remained upbeat this quarter, thanks to the expansion of mainland companies, particularly the securities and finance industry. Net take-up across Hong Kong increased 46% QoQ to 361,000 sq ft, while Central witnessed net take-up of 102,500 sq ft.
Residential: Financially strong home buyers, no oversupply situation and rental growth gaining momentum are the main factors support further growth in residential prices.
Industrial: The weak outlook for local retail sales and export performance will hinder demand for logistics services and warehouse premises.
Retail: Rough ride tipper for retailers. Rents of street level stores in prime locations are tipped to slide, while malls are not heavily exposed to luxury brands will not be affected.