HONG KONG, 26 January 2021 -- Leading diversified professional services and investment management firm Colliers International Hong Kong SAR today released its Market Outlook for 2021. Taking a macro view of the economy and its impact on the overall real estate market, the leading research looks at recent performance and an in-depth analysis of Hong Kong’s core sectors: investment, office, retail and industrial.

As of 1 July 2019, rents in Central stood at an average of HK$150 sq. ft. with vacancy rates at circa 2% throughout the CBD - the highest level and lowest prolonged level on record, for rents and vacancy, respectively.

‘Unprecedented’ has become a sound bite for 2020. As cliché as it may seem, even in context of the outbreak of SARS in 2003 and the Global Financial Crisis in 2008, stakeholders in the property investment market are truly experiencing something for the first time.

The Year of the Ox, a hardworking and methodical animal, has the makings of being a positive and productive period in Hong Kong. Like this zodiacal projection, we anticipate that our hard-working population will be rewarded as it emerges from a near two-year recession, with firm growth as Mainland China starts to kick on, recommencing positive economic momentum.

HONG KONG, 21 December 2020 -- Leading diversified professional services and investment management firm Colliers International today announced that Stanley Wong has been appointed as Senior Executive Director, Capital Markets & Investment Services, Colliers | Hong Kong.

The completion of the XRL commercial project, totaling 3.2 million sq. ft. of GFA, is expected to transform West Kowloon into a new and strategic commercial hub for cross-border businesses, capital and talent flow.