December sees positive office net take-up driven by new completion
Insight
Hong Kong Property Market Monitor - January 2024
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In December, the overall market recorded a positive net absorption of 590,500 sq ft, primarily due to the completion of a government building in Tseung Kwan O. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
- Residential: Mass residential capital values fell by 2.5% m-o-m in December.
- Retail: Retail market recovery picks up steam in November.
- Industrial: Storefriendly/Blackstone acquired Hale Weal Industrial Building for HKD 560 million, reportedly.