2022-07-26-莱坊-Hong_Kong_Monthly_July_2022_4页_317kb

报告摘要

Office Market Analysis

High-quality office demand fuels re-centralization; Grade A rents rose modestly in 2022, with Central and Admiralty leading growth, despite a slight drop on Hong Kong Island. MNCs are a key driver, refueling demand for prime locations. U.S. firms expanded or relocated within central hubs like Two IFC. Office upgrades and flexible leases are intensifying competition, potentially impacting traditional office choices. Prime Central locations are more affordable compared to pre-pandemic levels.

Price & Rent Indicators (June 2022)

District Premium Traditional Overall Net Price Change(HK$psf)
Premier Central 135.0 - - 114.7 0.0%
Traditional Central 104.2 Taken 07:30 00:00 104.2 - - 0.0%
Overall Central 114.7 - - 114.7 0.0%
Admiralty 73.9 - - 73.9 0.0%
Sheung Wan 60.3 0.0% -23.0%
...

Residential Market Overview

Residential sales activity slowed in June, with weak revenue significantly impacted by reduced inbound tourism and macroeconomic pressures. Luxury segment showed resilience with record-breaking transactions.

Luxury Residences

Sales slowed by 22.2% MoM.
Super luxury properties remain highly sought.
Sold: 8,032 sq ft Shouson Hill house (~HK$108K/sq ft); 6,867 sq ft penthouse at Dukes Place (~HK$99K/sq ft). These high prices indicate strong investor confidence despite economic uncertainty.

Mass Market Residences

Sales volume decreased significantly.
Leasing was more active for smaller units.
Prices and rents in the mass market have fallen generally, though notably, Kowloon East prices saw a small rise MoM.

Selected Price Transactions (June 2022)

Luxury: Shouson Hill HK$108,347/sq ft; Jardine's Lookout HK$99,024/sq ft; Mid-Levels HK$103,934/sq ft.
Mass Market: Island South HK$78,000/sq ft (Lessors figure); Shouson Hill HK$56/sq ft MoM rent; Island South HK$51/sq ft MoM rent.

Retail Market Challenges

Retail sales were subdued due to the absence of tourism, affecting overall shop rentals significantly (e.g., Burberry's flagship closure).
High end luxury retailers face substantial pressure as tourism evaporated. Premium brands and general retailers saw declining sales, except consumer staples.
Sales (% of Total): Clothing (11.8%), Food/Tobacco (14.9%), Supermarkets (14.9%), Others (22.6%). Change MoM: Overall Sales fell -3.7% YoY.