Pandemic Continues to Rattle Office Market—AVISTA HK Office Market Insights (May 2022)

Fifth wave of COVID-19 outbreak, geo-political tension between Russia and Ukraine as well as the commencement of U.S. interest rate hike placed tremendous pressure on Hong Kong’s office market, yet It is the worst and best time for investors to plan ahead for their next acquisition. Amid the uncertain times, the new arrangements for charging land premium greatly reduce the time and cost needed for lease modification application and release the largest potential of rural land in the Northern Metropolis Area.

In this publication, AVISTA Property Valuation team forecasted the office sales market to reach a short-term bottom in Q2 2022 despite shrinking rental, factoring in the uncertainty presented by the pandemic.

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