Hong Kong Property Market Monitor – September 2023
Office vacancy rate stablises in August
September 21, 2023
The overall vacancy rate remained flat at 12.8% as at end-August. Central saw its vacancy rate rise to 9.9%. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
- Residential: HSBC and BOCHK raised their HIBOR-based mortgage rate caps to 4.125%.
- Retail: Investment interest tilted towards core areas in August.
- Industrial: The investment momentum was slightly lifted with two notable transactions recorded in August.