Hong Kong's office and housing markets show modest stability amid challenges

Vacancy rate of prime shopping centres climbed to new high; increasing pressure on distressed commercial properties and luxury home prices

Agency leasing

Office

Authors

Yvonne Liu

Public Relations Director, Hong Kong and Macao

^{Source: JLL Research}

Sector	Rent (1H 2025)	2025 Full Year Rental Forecast
High Street Shops	▼2.3%	▼5-10%
Prime Shopping Centres	▼3.4%	▼5-10%

^{Source: JLL Research}

Sector	Capital Values (1H 2025)	2025 Full Year Capital Values Forecast
Grade A Offices	▼4.3%	▼5-10%
High Street Shops	▼3.3%	▼5-10%
Prime Warehouses	▼4.4%	▼5-10%

^{Source: JLL Research}

Sector	1H 2025	2025 Full Year Forecast
Mass Residential Capital Values	▼1.1%	▼5%
Luxury Residential Capital Values	▼2.6%	▼5-10%
Luxury Residential Rental Values	▲1.1%	▲0-5%

^{Source: JLL Research}

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