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 oces 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 oces 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 oces Source: Cushman & Wakefield
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