https://www.scmp.com/rss/312391/feed Gavin Morgan is managing director in Hong Kong and chief operating officer in Greater China of JLL. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Sky-high office rents, and the dichotomy that US$100 million houses can coexist alongside tiny nano flats. Such is life in Hong Kong, where real estate prices make it one of the most expensive places in the world to live in and do business. How did we get there? High business operating expenses and living costs are driven by the dire shortage of land in Hong Kong. The problem is more obvious in the housing market. To address the issue, the government announced in the 2021-22 Budget a plan for... https://www.scmp.com/business/article/3151099/hong-kong-needs-bold-land-supply-initiatives-underpin-next-growth-phase?utm_source=rss_feed https://www.scmp.com/business/article/3151099/hong-kong-needs-bold-land-supply-initiatives-underpin-next-growth-phase?utm_source=rss_feed Tue, 05 Oct 2021 04:01:16 +0000 The Covid-19 outbreak has been dominating headlines for weeks now. While we, as individuals and businesses, remained focused on the health and well-being of our families, friends and environment, the outbreak has clear near-to-medium term implications for the real estate community. Assessing the near-term economic impact: Given the experience of the Sars (severe acute respiratory syndrome) epidemic in 2003, it is natural to draw lessons from that event and infer from these lessons for what may... https://www.scmp.com/business/article/3064558/lessons-sars-how-will-real-estate-change-and-respond-covid-19-outbreak?utm_source=rss_feed https://www.scmp.com/business/article/3064558/lessons-sars-how-will-real-estate-change-and-respond-covid-19-outbreak?utm_source=rss_feed Tue, 03 Mar 2020 04:00:07 +0000 The tech sector has been one of the fastest growing occupier groups in US and European office markets over the past year with technology companies starting to move into some of the most highly sought after addresses in cities such as New York and London. In many instances, they are competing with banking and finance companies for these prime offices. The changing occupier landscape in these cities has led some to ponder whether a similar pattern of leasing could emerge in Hong Kong, a city that... https://www.scmp.com/property/hong-kong-china/article/1674137/hks-office-property-trends-may-soon-find-favour-tech?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1674137/hks-office-property-trends-may-soon-find-favour-tech?utm_source=rss_feed Tue, 06 Jan 2015 01:45:15 +0000 Few commercial property markets have as volatile a history as Hong Kong. A total of 27 million square feet of new office space has been built in Hong Kong in the last 15 years alone. That equates to a staggering 30 per cent of the office supply currently in existence across the entire city. Today, Hong Kong remains one of the most dynamic property markets in the world, in a historically strong landlord market, aided by limited office supply and low vacancies. But is this situation about to start... https://www.scmp.com/property/hong-kong-china/article/1430454/more-firms-looking-beyond-central-office-space-coming-years?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1430454/more-firms-looking-beyond-central-office-space-coming-years?utm_source=rss_feed Tue, 18 Feb 2014 21:10:46 +0000