BEAMSTART Logo

Hong Kong residential, retail properties recover while office sector struggles with glut

SCMP LogoSCMP2d ago

Hong Kong residential, retail properties recover while office sector struggles with glut - SCMP

Quick Summary:

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

This is likely to make the vacancy rates worse by the end of 2025, while rents are will be depressed by another 5 per cent, according to CBRE.

Hong Kong developers and landlords are set to add about 3 million square feet of new office space next year, the firm forecasts, compounding a glut.


More Pictures

Hong Kong residential, retail properties recover while office sector struggles with glut - SCMP (Picture 1)

or

Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 08:30:08 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 250 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23313373

View Article Analysis

About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 17 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 7 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Hong Kong residential, retail properties recover while office sector struggles with glut" has 250 words across 6 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Hong Kong residential, retail properties recover while office sector struggles with glut" was covered 2 days ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 17 news stories per day.

It's most recent story was published 7 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23313373
  • URL: https://beamstart.com/news/hong-kong-residential-retail-properties-1730162384

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.