Hong Kong market remains strong
Across the office, residential and retail sectors Hong Kong remains an attractive investment destination, according to Knight Frank’s property review and commentary monthly report “July 2016 Hong Kong monthly.”
Hong Kong’s Kowloon East office market remained very active, with the key driver being relocation demand from tenants across the harbor, according to Knight Frank. One example involved Kingfisher, which moved from Cornwall House in Quarry Bay to KOHO in Kwun Tong.
Class A office leasing on Hong Kong Island remained subdued in June. On the supply side, tight availability limited choices in the market, while on the demand side, mainland companies slowed their expansion pace in Hong Kong after the previous leasing boom.
Over the past few months, a number of co-working space operators have been aggressively expanding in Hong Kong, becoming one of the major sources of demand for office space.
Knight Frank expects the