Reported 5 days ago
Hong Kong's office property market is expected to see more distressed sales as low leasing demand persists and banks are compelled to call on loans. With office prices in major business districts dropping more than 46% since their peak and rents forecasted to decline further in 2025, landlords are struggling amidst financial constraints. Although new office spaces will enter the market next year, the overall market remains under pressure, leading to potential fire sales and significant price discounts.
Source: YAHOO