Hong Kong Property Market Monitor –
April 2023

Overall office vacancy rate sees first drop since May 2022

April 19, 2023

The overall market recorded a positive net absorption of 203,900 sq ft in March, mainly due to the commitment of some sizable spaces during the month. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Residential: Most projects launched in March were well-received by the market.

  • Retail: Total retail sales and inbound visitation recorded notable growth y-o-y in February.

  • Industrial: A new data centre in Tsuen Wan, developed by SUNeVision, received its occupation permit in January.

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