Hong Kong Property Market Monitor – November 2023

Tourist spending habits shift towards more F&B focus

November 23, 2023

According to the 1H23 tourist spending report, the share of per capita spending on meals outside hotels increased from 15.4% in 1H18 to 24.4%. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Office: Overall market records positive net take-up in October.

  • Residential: Market sentiment remains weak despite relaxations.

  • Industrial: A new supply of warehouse in Kwai Chung will add about 5 million sq ft to the existing stock.

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