Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: HK Office Mkt May Reach Turning Pt; Grade A Office Rent Decline to Narrow
Recommend 16 Positive 27 Negative 15 |
||||
|
||||
|
With the improvement in recruitment in the financial sector, office net absorption improved this year, UBS published a research report saying. It is expected that the Hong Kong Grade A office market in Central may be the first to recover due to increased hiring in the financial sector and reduced supply, showing signs of bottoming out and rebounding. The Hong Kong office market is anticipated to reach a turning point. Currently, it is forecasted that the rent decline for Grade A offices in Central will narrow to 5% this year and remain roughly flat next year, compared to a 12% decline last year. The rent decline for Grade A offices across Hong Kong is expected to be between 3% and 5% in 2025/ 2026, which is narrower than last year's 9% drop. Among developers, UBS rated SWIREPROPERTIES (01972.HK), which is exposed to Grade A office in Central and Admiralty, at Buy, and SWIRE PACIFIC A (00019.HK) and Hongkong Land at Neutral. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
