Hong Kong

This stemmed from maintenance in tenant demand.

The site is on sale until 7 July at 12 noon.

Recently, Hong Kong endured its worst outbreak since the pandemic began, and as the economic data reflects, the situation is still far from stable. In February, for instance, the value of total retail sales – with retail being one of the most directly impacted sectors – decreased by 14.6% compared with the same month in 2021. In hope of boosting business sentiment, the government eased some anti-pandemic measures, but the effectiveness of these actions is still in question.

Kwun Tong and Tokwawan branches are set to reopen in 3 May.

Executives' confidence in their revenue growth also declined.

Rents for major shopping centres also fell by 4.3%.

Customers can access up to HK$1m in loans in as fast a 2 minutes.

Mainland China expressed the most enthusiasm for hybrid fairs.

Industrial and retail sectors saw the highest investment volume.

However, the public is still encouraged to make use of off-site services.

Whilst 57% see their revenue will remain the same or grow in the next three months.

The average cost of an office fit-out in Hong Kong was at $1,081.61.

Adaptation and management toward an ever-changing landscape 

Cushman & Wakefield linked this to the fifth wave of the pandemic.

One in three consumers will abandon a purchase if they cannot pay for it digitally.

The fifth wave has significantly slowed down the property market in Q122.