Will The Businesses HUB Ever Back to Normal | Empty Offices Spaces 2024

[East_coast]

Just like landlords keeping property empty .. back to square 1.

Obviously this could be stopped with simple legislation changes if...

[Gatts]

https://www.scmp.com/news/hong-kong/...-they-be-saved

https://archive.is/KjlzD

[ArrynField]

2023 marked the worst year for HK land auctions

https://hongkongbusiness.hk/news/202...supply-history

What’s the effect on the market when Government Land sites have a Reserve price set below market expectations?

https://www.ird.gov.hk/eng/ppr/archi...et%20situation.

[newhkpr]

Landlords can't and won't reduce rents (in a significant manner) as that is tied to their estimated property's worth. Weird I know but it's easier for a landlord to argue his 3 year empty place is worth $30MM because it used to rent out for 250K a month than to say it's worth 30MM when it only rents out for 100K.

[Gatts]

Landlords can't and won't reduce rents (in a significant manner) as that is tied to their estimated property's worth. Weird I know but it's easier for a landlord to argue his 3 year empty place is worth $30MM because it used to rent out for 250K a month than to say it's worth 30MM when it only rents out for 100K.

Something has got to give sooner or later though.

[moctapxe]

National Security has the reverse effect on Business Security. This is what happens when HK has the "smartest" dude calling the shots and bring in business with all his foreign visits along with his wife.

[East_coast]

HK is opening up (who closed it?)

https://www.scmp.com/news/hong-kong/...gtype=homepage