KF: Prime office space in Hong Kong yields 5.8% in 4Q15.

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In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime office yields in Hong Kong were 5.8%. The average price for prime office space transacted was USD25,469 per square metre (psm). Average rents were USD75.7 psm. At the end of the quarter, the vacancy rate was 1.5%. Indicators highlighted by KF for the quarter included the possibility that Grade A office rents in Central could rise by 5% in 1Q16, while rents elsewhere could fall by a similar amount due to oversupply.

Source : KF/ February 2016/Hong Kong/OFF