Hong Kong Property Market Monitor – April 2024

Largest retail investment deal recorded in seven years

April 24, 2024

In March, Chinachem, which has a large commercial real estate portfolio in Tsuen Wan, announced the acquisition of D-Park, with a total of 630,000 sq ft retail GFA and approximately 1,000 carpark spaces, for HKD 4.02 billion (HKD 6,381 per sq ft). Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Office: Two projects were completed during the month.

  • Residential: Potential rate cuts in 2024 are anticipated to be delayed and fewer than previously expected.

  • Industrial: Chevalier International joined Wang On Properties in the Yau Tong Industrial Building Block 4 residential redevelopment project.

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