Research

Hong Kong Property Market Monitor – July 2024

Year-on-year retail sales decline for three consecutive months 

July 23, 2024

Total retail sales slid by 11.5% y-o-y in May, resulting in a 6.1% year-to-date y-o-y drop. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 
 

  • Office: Overall vacancy edged higher.

  • Residential: Residential rental maintained upward momentum.

  • Industrial: Vita Green Health Products secured the naming rights of Global Commerce City 1 with a significant transaction.

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