In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Hong Kong to track sideways in 1Q16. Rentals are expected to rise through the first three months of 2016. Major sales transactions in Hong Kong during 4Q15 included the MassMutual Tower in Wanchai, for USD1,613mn or USD50,528 per square metre and the West Tower of One HarbourGate in Hung Hom, for USD755mn or USD20,673 per square metre. Major leasing transactions included 8,454 square metres of low floors in the International Commerce Centre in Tsim Sha Tsui and 2,196 square metres of low floors in Two IFC in Central.

Source : KF/ February 2016/Hong Kong/OFF