Hong Kong commercial rents high 9% of New York
Hong Kong commercial rent and high prices, the recently published 2018 “Global City Report” shows that Hong Kong commercial rents for the fourth consecutive year ranked first in the world, compared with the second New York Manhattan, nearly 90% higher. And to 100 million US dollars into the market, in Hong Kong can only buy an area of about 17,000 square feet of office space, fine the world.
Hong Kong residential property prices high, commercial prices are the world’s most expensive.
The report shows the future development of 40 cities in the future commercial real estate development trend, Knight Frank senior director and valuation and consulting department director Lin Haowen pointed out that as of the second quarter of this year, Hong Kong skyscrapers high office space rents up to 304 yuan per square foot Ranked second in New York Manhattan, about 88% higher. He also said that in the fourth quarter of 2016 to the second quarter of this year during the six months, the Hong Kong office rents ranked ninth in the world, recorded 1.1% rent growth.
The rate of return is only 2% of the world’s most 奀
The bank pointed out that Hong Kong in the next three to five years, high-quality office rents will remain the world’s first. The director of the company and the director of the Greater China Research and Consulting Division said that the rents of Grade A commercial buildings in Central will rise by 2 to 4% in the second half of the year. On the contrary, the supply of commercial buildings in Kowloon East will increase and the vacancy rate will be high , I believe the rent in the second half of this year will fall 3 to 4%.
Global skyscraper rental rankings
The report also shows that the top ten cities with the highest rents are in the Asia-Pacific region, with the exception of Hong Kong, including Tokyo, Shanghai, Singapore and Beijing. As for the rental rate of urban commercial buildings around Hong Kong, Hong Kong is only 2%, the lowest in the world, compared with Shanghai and Beijing, respectively, 4.3% and 4.5% lower.
$ 100 million to buy only 17,000 feet
Hong Kong’s commercial and residential prices are also the world’s most expensive, if the 100 million US dollars, in the world’s major cities to buy the number of high-quality office space, which in Hong Kong can buy the smallest area, the amount can only buy an area of 17,727 square feet of office space. If the same amount in Melbourne, can be purchased into the 136,905 square feet of the floor, the world’s most.