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Valuation Advisory

Comprehensive real estate valuation for an extensive range of property types

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Knowledge is power in investment decisions. We provide a comprehensive range of real estate valuation services and consultancy advice to suit your needs.

Whether you are a portfolio owner, an institutional investor or a lender, timing is critical in realis​​​ing real estate capital appreciation. It is important to know precisely what a single property – or a global portfolio – is worth in the face of rapidly changing markets. 

Our team has a proven track record in working with both local and multinational clients in Hong Kong and across the Asia Pacific region. We can provide you with sophisticated and impartial valuation and consultancy advice in strategic planning, initial public offering, sales and disposal, financial reporting, and finance and capital raising.​​

Clients turn to us for sophisticated and impartial real estate appraisals on properties ranging from office buildings and retail centres to industrial warehouses an​d mixed-use developments. Backed by our award-winning research, we look beyond present value assessments to understand market trends, competing assets and projected income. You can trust JLL with your property valuation requirements.

In the News

Mainland Chinese developers flood Hong Kong's residential market

CK Lau, Head of Valuation Advisory Services, spoke to TVB's Money Magazine.

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Small flats cannot solve the long-term housing needs of Hong Kong

Dorothy Chow, Regional Director of Valuation Advisory Services, commented in South China Morning Post.

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Related news and research

 

 

Strong Leasing Momentum Pushes Rents up Across-the-Board/hong-kong/en-gb/news/662/strong-leasing-momentum-pushes-rents-upStrong Leasing Momentum Pushes Rents up Across-the-Board<p style="text-align:justify;"><strong>HONG KONG, April 25, 2018</strong> – Strong leasing momentum driven by tenant decentralisation and sustained expansionary requirements from PRC occupiers has pushed rents up in the office market as a whole, according to JLL's latest <a href="http://www.jll.com.hk/hong-kong/en-gb/research/353/2018-property-market-monitor-hkg-apr-2018">Property Market Monitor</a>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Hong Kong East continued to lead the way with rents growing 0.6% m-o-m on the back of strong pre-leasing at One Taikoo Place in Quarry Bay. Strong interest has been shown from large occupiers, among which EY was reported to have pre-leased about 146,300 sq. ft. at the development. In Wanchai/Causeway Bay, rents advanced by 0.3% m-o-m as the vacancy rate dropped to 2.1%, its lowest level in almost two years.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">In Central, requirements from PRC banking and financial institutions remained the main drivers of rising leasing demand, accounting for 76% of new lettings in the submarket during the month. Notable new lettings included those from Huaxia Bank, which reportedly leased 14,000 sq. ft. at Two IFC to accommodate expansion plans, and Ping An Securities, which expanded out of its Sheung Wan offices to lease a whole floor of approximately 14,300 sq. ft. at CITIC Tower in Admiralty.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Net absorption amounted to 376,700 sq. ft. with rents in the overall market rising a further 0.2% m-o-m in March.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Alex Barnes, Head of Markets at JLL, </strong>says: "Rents in Central are poised to surge ahead as Mainland Chinese companies show no signs of slowing their expansion and there are some large requirements active in a tight vacancy market.  Not surprisingly, Central's high rents and tight supply will accelerate the relocation of large occupiers to consider emerging core office districts, allowing  room for landlords in these areas to raise rents. Vacancy rates of Grade A offices are expected to tighten further and push rents higher in 2018, and beyond."</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Denis Ma, Head of Research at JLL</strong>, adds: "While prime office rents look set to head north, the retail market also maintained its strong run in 2018 with key demand drivers recording substantial double-digit growth in January-February. Retail rents are on the verge of recovery given visible improvements in the inbound tourism market and retail sales. We expect this momentum to carry through to the leasing market over the coming months."<br></p><p style="text-align:justify;"> </p><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr><td class="ms-rteTable-default" style="width:14.2857%;"><strong>Grade A Office Vacancy Rates</strong></td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td></tr><tr><td class="ms-rteTable-default"><strong>Period</strong></td><td class="ms-rteTable-default"><strong>Overall</strong></td><td class="ms-rteTable-default"><strong>Central</strong></td><td class="ms-rteTable-default"><p style="text-align:justify;"><strong>Wanchai /</strong></p><p style="text-align:justify;"><strong>Causeway Bay</strong></p></td><td class="ms-rteTable-default"><strong>Hong Kong East</strong></td><td class="ms-rteTable-default"><strong>Tsimshatsui</strong></td><td class="ms-rteTable-default"><strong>Kowloon East</strong></td></tr><tr><td class="ms-rteTable-default"><strong>End-Mar 18</strong></td><td class="ms-rteTable-default">4.6%</td><td class="ms-rteTable-default">1.4%</td><td class="ms-rteTable-default">2.1%</td><td class="ms-rteTable-default">2.4%</td><td class="ms-rteTable-default">2.4%</td><td class="ms-rteTable-default">11.8%</td></tr><tr><td class="ms-rteTable-default"><strong>End-Feb 18</strong></td><td class="ms-rteTable-default">5.0%</td><td class="ms-rteTable-default">1.4%</td><td class="ms-rteTable-default">2.8%</td><td class="ms-rteTable-default">4.4%</td><td class="ms-rteTable-default">2.5%</td><td class="ms-rteTable-default">11.8%</td></tr></tbody></table><p style="text-align:justify;"><strong><em>Source: Research, JLL</em></strong></p><p style="text-align:justify;"> </p><p style="text-align:center;">– ends –<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Nos. 61, 63, 65 and 67 Soy Street, Kowloon for Auction under Land (Compulsory Sale for Redevelopment) Ordinance/hong-kong/en-gb/news/663/61-63-67-soy-street-public-auctionNos. 61, 63, 65 and 67 Soy Street, Kowloon for Auction under Land (Compulsory Sale for Redevelopment) Ordinance<p style="text-align:justify;"><strong>HONG KONG, April </strong><strong>25</strong><strong>, 2018</strong> – JLL has been appointed as auctioneer for the public auction of the buildings at Nos.61, 63, 65 and 67 Soy Street, Kowloon pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The public auction will be held at 11:30 am on May 18, 2018 (Friday). The reserve price of the property is HK$386,391,000.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The property encompasses two pairs of five-story tenement buildings at Nos. 61, 63, 65 and 67 Soy Street, Kowloon which were completed in 1955.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The property occupies a total site area of 3,535 square feet or 328.4 sq m.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The site is zoned as "Residential (A)", with the property being sold partly with vacant possession and partly subject to existing lettings and tenancies (if any) and on an "as is" basis. The site is allowed a maximum plot ratio of 7.5 and a maximum building height of 80 metres PD for residential development; and a maximum plot ratio of 9.0 and a maximum building height of 80 metres PD for residential cum commercial development.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The purchaser of the property and the purchaser's successors in title will be subject to the conditions specified in Schedule 3 of Land (Compulsory Sale for Redevelopment) Ordinance and the conditions specified in the Order for Sale and any subsequent directions made by the Lands Tribunal (if any).</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The auction will be held at JLL office, 6/F Three Pacific Place, 1 Queen's Road East, Hong Kong.</p><p style="text-align:justify;"> </p><p style="text-align:center;">– ends –<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
From ‘Bamboo Pit’ to Hong Kong Office Hit/hong-kong/en-gb/news/special/72/jll-office-wong-chuk-hangFrom ‘Bamboo Pit’ to Hong Kong Office HitCluster of new Grade A office towers transform formerly industrial Wong Chuk Hang0x01003D5B69DBCEFF8A4DAC22CC12D9F11F5400DDF22EA79146E94B845EEA7D83479B64

 

 

Hong Kong Property Market Monitor - April 2018/hong-kong/en-gb/research/353/2018-property-market-monitor-hkg-apr-2018Hong Kong Property Market Monitor - April 2018Retail market sees an evident comeback in visitor arrivals and retail sales0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong Property Market Monitor - March 2018/hong-kong/en-gb/research/349/2018-property-market-monitor-hkg-march-2018Hong Kong Property Market Monitor - March 2018Tight vacancy environment has larger occupiers eyeing opportunities in Hong Kong East0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong Property Market Monitor - February 2018/hong-kong/en-gb/research/346/2018-property-market-monitor-hkg-feb-2018Hong Kong Property Market Monitor - February 2018Investment market continues to hit new highs0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045