2022-01-31-莱坊-Hong_Kong_Monthly_January_2022_4页_315kb

O F F I C E
Demand for premium Grade-A office spaces increased due to post-pandemic economic stabilization and better locations.

• Hong Kong Island and Kowloon rents showed mixed trends; some areas saw declines, while others like Tsim Sha Tsui experienced stability or slight growth.
• Overall vacancy rates improved, with expected rent hikes in the coming months due to strong leasing demand.
• Notable relocations (e.g., Zim Shipping, Phillips, Flexport) influenced market dynamics, especially in response to the fifth COVID-19 wave.

R E S I D E N T I A L
Despite pandemic challenges, demand for new residential projects, particularly in the New Territories under the "Northern Metropolis" plan, remained strong.

• Prime residential transactions in areas like The Peak and Tai Tam Road were highly sought after, with high sales prices.
• New projects drew robust buyer interest due to low interest rates and strategic development plans.
• The second-hand market was quiet, with buyers adopting a wait-and-see approach.
• Rental markets showed resilience in central areas like Mid-Levels, though overall residential sentiment may be impacted by ongoing uncertainties.

R E T A I L
Retail sales recovered but faced setbacks due to the fifth wave of COVID-19, leading to cautious expansion by retailers.

• Sales across outlet types showed moderate growth, with strong performance in categories like clothing and consumer durables.
• The Northern Metropolis plan signals strong potential for retail properties in new developments, but market uncertainty and restrictions weigh on sentiment.
• Retail landlords are paying higher rents in desirable locations, but overall market conditions remain cautious, especially in the face of出入境 restrictions.