Hong Kong born, focused on real estate, and attracted to Colliers by its international status. With two significant recent wins under his belt, we speak to Richie Lau, Colliers Director, who is one of the many dedicated, unsung critical team members from Office Services.

Flexible workspace has undergone exponential growth. But the impact of social unrest and COVID-19 are re-shaping its position and overall demand. Over the last five years, WeWork – fueled by Soft Bank’s Vision Fund – thrived, taking up market share across multiple regions. WeWork now finds itself handing back space in some markets, creating something of a power vacuum that will lead to a fragmentation of operator market share.

The COVID-19 pandemic continues to weigh on the Hong Kong investment market, especially those sectors with assets that are closely linked to the global environment, such as retail and hospitality. Yet, in the second quarter, Hong Kong started to show signs of activity with private investors making the first moves leading to some improvement.

Hong Kong’s property market is witnessing volatility with a multi-sector price correction leaving investors, occupiers and owners in extended negotiations to find a price that best supports their flexed short and long-term strategies.

Our latest episode of the 'Now & Next for Workplace' podcast series is now available!

Hong Kong, 14 July 2020 – Hong Kong’s real estate market is witnessing volatility with a multi-sector correction, leaving investors, occupiers and owners in extended negotiations to find a price that best supports their flexed short- and long-term strategies. Colliers International, a global leader in commercial real estate services and investment management firm, shares it’s latest real estate figures in its Quarterly Update covering the investment, office leasing, retail, data centre and industrial sectors.