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Hong Kong Real Estate Report Q1 2015

  • ID: 3042119
  • November 2014
  • Region: Hong Kong
  • 67 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Chinese Estates Group
  • Sino Group
  • Sun Hung Kai Properties
  • MORE

BMI View: Hong Kong, as a global financial hub and a gateway to mainland China, has one of the most dynamic commercial real estate markets in the world. Rental rates, particularly for retail, are among the highest in the world, and the market has traditionally been characterised by strong demand and, due to its small size, limited supply. With the market vulnerable to the impact of an economic slowdown in China, the medium-term outlook is one of stability in rental rates.

Hong Kong is a Special Administrative Region (SAR) of the People's Republic of China. It is governed under the principle of 'one country, two systems', which means that it retains many institutions, for example its common law legal system, that date back to its time as a British colony. All this gives a level of predictability to the business environment, although tensions with Beijing over the level of democracy allowed in Hong Kong do arise from time to time, as witnessed in the protests in the latter part of 2014.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Chinese Estates Group
  • Sino Group
  • Sun Hung Kai Properties
  • MORE

BMI Industry View 7

SWOT 9

Real Estate 9

Political 11

Economic 12

Industry Forecast 13

Office 14
Table: Forecast Office Rental Costs, 2015-2016 (USD per square metre per month) 14
Table: Forecast Office Net Yields, 2011-2018 14

Retail 14
Table: Forecast Retail Rental Costs, 2015-2016 (USD per sq m per month) 15
Table: Forecast Retail Net Yields, 2011-2018 15

Industrial 16
Table: Forecast Industrial Rental Rates, 2015-2016 (USD per sq m per month) 16
Table: Forecast Industrial Net Yields, 2011-2018 16

Construction And Infrastructure Forecast Scenario 17
Table: Construction And Infrastructure Industry Data (Hong Kong 2012-2017) 17
Table: Construction And Infrastructure Industry Data (Hong Kong 2018-2023) 18

Macroeconomic Forecasts 25

Economic Analysis 25

Distinct Groups Forming Broader Movement 26

Beijing Sees Wider Ramifications 27

Political Risk On The Rise 27

PLA Involvement Unlikely, But Some Economic Impact To Be Felt 28
Table: Economic Activity (Hong Kong 2009-2018) 29

Industry Risk Reward Index 30

Asia - Risk/Reward Index 30
Table: Asia - Real Estate Risk/Reward Index 30

Hong Kong - Risk/Reward Index 31

Rewards 31

Risks 31

Market Overview 33

Office 35
Table: Historical Rental Costs, 2013-2014 (USD per square metre per month) 37
Table: Historical Net Yields, 2013-2014 (%) 37
Table: Terms Of Rental Contract/Leases, H114 37

Retail 38
Table: Historical Rental Rates, 2013-2013 (USD per square metre per month) 40
Table: Historical Net Yields, 2013-2014 (%) 40
Table: Terms Of Rental Contract/Leases, H114 40

Industrial 41
Table: Historical Rental Rates, 2013-2014 (USD per square metre per month) 43
Table: Historical Net Yields, 2013-2014 (%) 43
Table: Terms Of Rental Contract/Leases, H114 43

Competitive Landscape 45

REITs 45

Office 46

Retail 47

Industrial 47

Company Profile 48

Chinese Estates Group 48

Henderson Land Development 51

Sino Group 53

Sun Hung Kai Properties 55

Demographic Forecast 58
Table: Population Headline Indicators (Hong Kong 1990-2025) 60
Table: Key Population Ratios (Hong Kong 1990-2025) 60
Table: Urban/Rural Population And Life Expectancy (Hong Kong 1990-2025) 61
Table: Population By Age Group (Hong Kong 1990-2025) 61
Table: Population By Age Group % (Hong Kong 1990-2025) 62

Methodology 63

Industry Forecast Methodology 63

Sources 64

Risk/Reward Index Methodology 65
Table: Real Estate Risk/Reward Index Indicators 66
Table: Weighting Of Indicators 67

Note: Product cover images may vary from those shown
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Chinese Estates Group
Henderson Land Development
Sino Group
Sun Hung Kai Properties

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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