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Qianhai

An 18 sq km area is being developed in Qianhai, which is being touted as a viable option to Hong Kong. Photo: Edward Wong

Qianhai a potential investment alternative to Hong Kong

Despite signs of increased activity in the office market leading up to the Lunar New Year break, occupier demand in Hong Kong remains rather subdued. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the market as a whole. Given that office markets worldwide generally require a level of vacancy of 6-8 per cent, the situation obviously remains extremely tight for occupiers.

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