Commercial buildings in Central on May 17. The sharp fall in grade A office rents – down 30 per cent since their peak in mid-2019 – has finally abated. Photo: Dickson Lee
Commercial buildings in Central on May 17. The sharp fall in grade A office rents – down 30 per cent since their peak in mid-2019 – has finally abated. Photo: Dickson Lee
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Worst may be over for Hong Kong’s property sector, but a full recovery is impossible without mainland reopening

  • The end to hotel quarantine could not have come sooner for Hong Kong, where commercial rents have fallen by a third since 2019 and home prices are being hit by rising interest rates
  • But even with this win, hopes of a recovery are tempered by the fact that little has changed over the border

Commercial buildings in Central on May 17. The sharp fall in grade A office rents – down 30 per cent since their peak in mid-2019 – has finally abated. Photo: Dickson Lee
Commercial buildings in Central on May 17. The sharp fall in grade A office rents – down 30 per cent since their peak in mid-2019 – has finally abated. Photo: Dickson Lee
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