Hong Kong Property Market Monitor – August 2023
Retail leasing market gains momentum as luxury brands make stronger comeback
The Macallan opened its first global flagship store in Central for a monthly rent of about HKD 600,000. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
Office: Overall rents edged down further in July.
Residential: Monthly secondary transaction volume in July fell to the lowest level since Jan 2020.
Industrial: Leasing demand driven by renewals.