Property Valuation

After the fifth wave of COVID-19 outbreak, rapid U.S. interest rate hike in Q2 2022, most real estate investors adopted a wait-and -see approach while some exploited the current uncertainties and enjoy the first mover advantage. In the meantime, Hong Kong government set an example for all stakeholders in Kowloon East to show further support for its long-awaited CBD2 vision as well as realizing its potential to the fullest. In this publication, AVISTA Property Valuation team forecasted the Hong Kong prime office rental and price in late 2022, and analyzed recent office leasing transaction in Kowloon East.
 
Click <a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q2_2022_EN_Master_0926_84905223ed.pdf" target="_blank" rel="noopener">here</a> to read the full insights.
 
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Sail Safely Through the Uncharted Water—AVISTA HK Office Market Insights (Sep 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. Click <a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q1_2022_EN_51534a8c68.pdf" target="_blank" rel="noopener">here</a> to read the full insights. <img src="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q1_2022_EN_16d60dc631.png" alt="" width="300" height="3508" />

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

Over past decades, the manufacturing industry has notably scaled down to a tiny fraction of Hong Kong’s economy, which has been developing with high value-added economic activity. Accordingly, the space of industrial buildings may not meet the ever-changing economic needs of society. In order to achieve the highest and best use value of industrial buildings, the Hong Kong government has implemented diverse policies including Industrial Building Revitalization Scheme and the abolition of Double Ad Valorem Stamp Duty on non-residential property, which have created development opportunities and upside potential for these industrial buildings in Hong Kong. Click <a href="../../../../../uploads/AVISTA_HK_To_Reap_the_Market_Potential_of_Industrial_Buildings_in_HK_EN_2_9f2dff0f55.pdf" target="_blank" rel="noopener">here</a> to learn more about the market potential of industrial buildings in Hong Kong.   <a href="../../../../../uploads/AVISTA_HK_To_Reap_the_Market_Potential_of_Industrial_Buildings_in_HK_EN_2_9f2dff0f55.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/AVISTA_HK_To_Reap_the_Market_Potential_of_Industrial_Buildings_in_HK_EN_2_1_2493da26e4.jpg" alt="" width="300" height="424" /></a>

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To Reap the Market Potential of Industrial Buildings in Hong Kong

Taper, rate hike and new virus variants looms in, Hong Kong’s ultra-low interest rate is set to rise in 2022 and the direction for office market will polarize into two camps, centralized and decentralized markets. Investors and developers will favor trophy assets like core CBD offices in Hong Kong. Hong Kong’s COVID Zero Strategy laid the groundwork for border reopening and provided an extra catalyst for a stable recovery in the office market. In this publication, AVISTA Property Valuation team forecasted the Hong Kong prime office rental and price in 2022 and analyzed the core CBDs’ attractiveness on the sales and leasing fronts.   Click <a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q4_2021_EN_9a57e97491.pdf" target="_blank" rel="noopener">here</a> to read the insights. <a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q4_2021_EN_9a57e97491.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/cover_EN_page_0001_94197c8b8d.jpg" alt="" width="300" height="425" /></a>

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2022 Office Market Outlook and Forecasts—AVISTA HK Office Market Insights (Jan 2022)

Hong Kong Chief Executive unveiled the Northern Metropolis Development Strategy in the 2021 Policy Address speech. The proposed Northern Metropolis will become the most vibrant area where massive urban development and major population growth will take place in the next 2 decades. Various initiatives and infrastructure projects present ample opportunities for the younger generation of Hong Kong to shine whilst Hong Kong entrepreneurs and companies can take advantage of the supportive regulatory momentum and integration of the Greater Bay Area cities. Click <a href="../../../../../uploads/Northern_Metropolis_6e385bc83c.pdf" target="_blank" rel="noopener">here</a> to read the insights.
<a href="../../../../../uploads/Northern_Metropolis_6e385bc83c.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/cover_EN_1_6dccd1eea1.jpg" alt="" width="300" height="425" /></a>

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Northern Metropolis—A Once-in-a-generation Opportunity for Hong Kong Youth

Hong Kong’s low interest rate continue to favor for investment in office properties. On the other hand, the effective pandemic containment gave rise to the expectation of re-opening of Hong Kong-Sino border, which hopefully will further support the recovery of property market and Hong Kong’s economy. In this publication, AVISTA Property Valuation team analysed the performance of HK office market in 2021 Q3 and the rise of CBD2 in Kowloon East as well as the latest plan for the Northern Metropolis. Click <a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q3_2021_EN_564525aa5c.pdf" target="_blank" rel="noopener">here</a> to learn more. <a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q3_2021_EN_564525aa5c.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/EN_cover_2b4eee4747.png" alt="" width="300" height="424" /></a>

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Stable Recovery in Property Investment Market with Expectation of Re-Opening of Hong Kong-Sino Border—AVISTA HK Office Market Insights (Nov 2021)

The low interest rate environment and emerging economic recovery after consecutive quarters of contraction supported the revival of investment activities in office properties. Meanwhile, the risks of sooner-than-expected rate hikes and uncertainties surrounding the outbreak of the Delta coronavirus variant may pressure the office market, either on investment or leasing activity in particular.
 
In this publication, AVISTA Property Valuation team covered the performance of the HK office market in 2021 Q2 and the market potential of newly developed districts such as Kowloon East and Hong Kong Island South.
 
<a href="../../../../../uploads/AVISTA_HK_Office_Market_Insights_Q2_2021_EN_40827eb92d.pdf" target="_blank" rel="noopener">Click here</a> to download the full insights.
 
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