Research
Hong Kong Property Market Monitor – November 2023
Tourist spending habits shift towards more F&B focus
November 23, 2023
According to the 1H23 tourist spending report, the share of per capita spending on meals outside hotels increased from 15.4% in 1H18 to 24.4%. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
- Office: Overall market records positive net take-up in October.
- Residential: Market sentiment remains weak despite relaxations.
- Industrial: A new supply of warehouse in Kwai Chung will add about 5 million sq ft to the existing stock.
