The price of commercial buildings has bottomed out.

The overall property market sentiment was good. First Pacific Davis issued a report stating that the price of office buildings in the first quarter will bottom out and the price will rise in the next six to nine months. The trading price of shops continued to decline. It is expected that the price and rent of shops in Minsheng District will be better in the short term.

Savills Davis published the first quarter of “Office and Retail Investment” report, showing that office prices were in the doldrums in the fourth quarter of 2018, but began to bottom out in early 2019. Based on the data of various districts, apart from the 2.2% decline in the cost of commercial buildings in Central and the 0.5% drop in Kowloon East, the prices of office buildings in other districts have re-emerged.

Yuan Zhiguang, managing director and head of investment department of Savills Hong Kong, said that investors and users began to look for low-cost sources in the first quarter to support the rebound in property prices, and the owners have turned around in response to the economic situation and the market sentiment Raise the asking price quickly for optimism. As the stock market continued to rebound, driving the property market to heat up, the rebound in turnover also means that a large amount of funds poured into Hong Kong to find investment opportunities. As a number of positive factors support the office market sentiment, the price and trading volume of the next six to nine months should be pushed up.