APAC-BFSI-Outlook-2017

HONG KONG

KOWLOON

KOWLOON EAST

GREATER CENTRAL

HONG KONG ISLAND

The growing attractiveness of Kowloon East to tenants, owner occupiers and investors has

75% Rental Savings (%) KOWLOON EAST VS GREATER CENTRAL 80% 85% 90%

been borne out by the number of major transactions since 2014 which accounted for 35% of the value of en bloc oŸces transacted in Hong Kong. Rents in Kowloon East are currently about 75% cheaper than Grade A space in Greater Central, and is considered a bargain in the world’s most expensive occupier market. In addition, owner-occupiers are gaining a first-mover advantage in purchasing quality oŸces to reap both substantial rental savings and capital appreciation, as the market develops further.

70%

65%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Note: Grade A oŸces Source: Cushman & Wakefield

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