Hong Kong Property Market Monitor – August 2023

Retail leasing market gains momentum as luxury brands make stronger comeback

August 21, 2023

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.

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