DTZ: Kowloon East a game changer for Hong Kong Grade A office market
DTZ noted in a China Insight of 28 April 2015 the rezoning of Kwun Tong and Kowloon Bay in 2001, which enabled the development of Grade A offices in Kowloon East, has caused a dramatic increase in supply. Over the last 15 years, supply of Grade A offices in all of Hong Kong has risen from 139 buildings and 60.3mn square feet to 183 buildings and 79.2mn square feet. DTZ thinks that owner-occupiers in Kowloon East should benefit from ‘substantial’ savings in rent and capital appreciation over time.
Source : 28 April 2015/DTZ/Hong Kong/OFF