covid 19 residential

"Although rates of rental decline are showing signs of slowing, the market dynamics are similar to previous quarters with an absence of new arrivals and a reliance on local demand."

"The luxury market endured a difficult year in 2020, in particular at the top end with border closures hindering both potential buyers and capital inflows."

"Landlords are generally adapting to lower budgets while occupancy rates have held up well despite the downturn."

"Average multi-family rents continued to soften in Q3/2020, though occupancy has held steady. Amidst the ongoing COVID-19 outbreak in Tokyo, companies are expected to maintain remote and flexible working arrangements for the time being. Preferences for residential unit type, size, and location appear to be shifting as a result."

"The eye-catching sale of 37 Shouson Hill Road for HK$2.5 billion to Hang Lung Properties suggests that there is still life in the super luxury sector."

"A mixed picture of rental development is reflecting business uncertainty as well as local market dynamics."

"Luxury houses in the New Territories are highly sought after with health concerns pushing end users to look for residences in lower density areas with more outdoor space."