Hong Kong Property Market Monitor – May 2024

Lai Sun sells 10% interest in AIA Central for HKD 1.42 billion

May 22, 2024

Lai Sun Development had agreed to sell 10% equity interest of AIA Central for a consideration of HKD 1.42 billion to AIA Group Limited. Upon transaction completion, the buyer will hold 100% interest of the building. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Residential: Monthly residential transaction volume hit the highest level since 2012 in April.

  • Retail: Total retail sales in March declined by 7.0% y-o-y, the first negative growth recorded since border reopening last year.

  • Industrial: Tesla reportedly expanded its maintenance and service centre in Tuen Mun with an addition GFA of 27,824 sq ft.

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