Colliers: The foreign invaders’ amount of inland surges is 358.6 billion
Hu Xiao-jen, deputy managing director of Colliers International Capital Markets and Investment Services, said that as of the beginning of the year, the total overseas investment in property in Hong Kong amounted to about 45.9 billion U.S. dollars (equivalent to about 358.6 billion U.S. dollars) and the second most popular overseas investment city. Chinese-funded consortia are becoming increasingly active in the Hong Kong market and the investment trend is expected to continue next year.
With regard to the office market, benefiting from economic growth and optimism in the major industries, the rental costs have risen so that enterprises hope to reduce their costs. It is expected that Kowloon East and Quarry Bay offices will become the first choice of users who wish to move their offices away from the core area and reorganize their businesses It is estimated that there will be an increase of 4% to 7% in office rents on Hong Kong Island in the coming year, and a steady development in Kowloon.
As regards retail outlets, thanks to the rising number of mainland tourists visiting Hong Kong and a modest recovery in the overall retail market, rental rents are expected to increase by about 5% in the coming year. However, technology such as online shopping has changed business models, causing major brand companies to reduce their spending on physical stores The demand for space for inventory tends to lengthen the exposure of shops that rent about a thousand square feet, so as to keep the vacancy rate of such small-sized shops at a low level. In the coming year, the core area of first-tier street shops, especially those with an area of more than 10,000 square feet, , There is a certain challenge in the rental market.
In addition, both the transaction volume and the transaction volume in the industrial market have risen sharply this year. Rents for individual renewal cases are expected to rise by about double digits. The revitalization of industrial building policies will lead to an increase in the number of mini-warehouses and spin-off units.