JLL: Hong Kong CRE investment volumes up 66% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Hong Kong rose by 66% in 2015. Capital values for prime offices rose by 5.5%. Rental yields for prime offices were 3.1%, or 155 basis points above the yield on the relevant long-dated government bond. Rents for prime office space rose by 13.3%. Net absorption during 2015 was equal to 3.3% of existing stock. At the end of the year, the office vacancy rate was 2.9% and the supply pipeline for 2016-17 equated to 4.4% of existing stock.
Source : JLL/ January 2016/Hong Kong/OFF