Hong Kong Property Market Monitor – September 2023

Office vacancy rate stablises in August

September 21, 2023

The overall vacancy rate remained flat at 12.8% as at end-August. Central saw its vacancy rate rise to 9.9%. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.

  • Residential: HSBC and BOCHK raised their HIBOR-based mortgage rate caps to 4.125%.

  • Retail: Investment interest tilted towards core areas in August.

  • Industrial: The investment momentum was slightly lifted with two notable transactions recorded in August.

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