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.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Note: Grade A oces Source: Cushman & Wakefield
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