Hong Kong’s property market faces bumpy road to recovery: JLL

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Submarket	Rent (1H 2023)	2H 2023 Rental Forecast
Central	▼2.6%	▼0-5%
Wanchai / Causeway Bay	▼2.3%	▼0-5%
Hong Kong East	▼2.0%	▼0-5%
Tsimshatsui	▲0.3%	▲0-5%
Kowloon East	▼2.1%	▼0-5%
Overall	▼2.1%	▼0-5%

Sector	Rent (1H 2023)	2H 2023 Rental Forecast
High Street shops	▲8.2%	▲0-5%
Prime shopping centres	▲1.1%	▲0-5%

Sector	Capital Value (1H 2023)	2H23 Capital Value Forecast
Grade A Offices	▼2.8%	▼0-5%
High Street shops	▲2.4%	▲0-5%
Prime Warehouses	▼1.3%	▼0-5%

Sector	(1H 2023)	2H23
Mass Residential Capital Values	▲2.7%	▼5-10%
Luxury Residential Capital Values	▲1.3%	▼0-5%
Luxury Residential Rental Values	▲0.6%	▲0 - 5%