Hong Kong

Though submarkets are still expected to endure some rental pressure.

Its mixed-use commercial development aims to create a sustainable space.

Co-working spaces are also seeing increased demand.

Primary sales declined by 13.3% during the month.

One was a deal worth HKD590 million.

One is a space that was leased for 12.5% lower than its previous tenant.

The vacancy rate in Hong Kong East alone rose 12.6%.

Thanks to the attractive pricing of the new launches.

Rents in decentralised submarkets were more resilient.

The primary market also had a positive performance.

Find out which spaces are being rented at lower prices.

The market is likely to be dominated by distress sales.

Over 100,000 units will be available against an annual demand of 18,000.

The reopening of borders and lifting all quarantine controls drove the increase.

JLL expects the sector’s transaction activity to reach US$1b by Q423.

The decrease in rents in Island East drove the overall decrease.