Research

Hong Kong Property Market Monitor – August 2024

Central vacancy improves in July

August 20, 2024

The overall vacancy rate rose to 13.7% as at end-July. Vacancy rates in the Central and Hong Kong East submarkets decreased, falling to 12.0% and 13.1%, respectively. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 
 

  • Residential: Mass residential capital values dropped by 1.3% in July.

  • Retail: China Resources acquired the commercial accommodation of Alto Residences for HKD 540.0 million.

  • Industrial: Jianyuan International Group sold the majority of One Vista reportedly for HKD 1.4 billion.

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