Foreign investor demand for HK office space has tapered sharply. Photo: SCMP/Sun Yeung
Once a shining light, foreign investors abandon Hong Kong office space as slowing economy weighs on sentiment
- The office segment, once known for setting world records for office towers, recorded a mere US$200 million in total investment
- Average central business district office yields stood at around 2.8 per cent in the first quarter, below retail and industrial property yields
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Foreign investor demand for HK office space has tapered sharply. Photo: SCMP/Sun Yeung