International Insights, Global Perspective
The key signal for Hong Kong's office market in 2026 is not a 'full recovery' but a clear divergence: leasing and absorption of prime assets in core CBDs are beginning to improve, but the overall market remains constrained by high vacancy rates, existing supply, and capital expenditure pressures. Singapore REITs selling Hong Kong office buildings indicate that institutional capital is reassessing the liquidity, duration, and return requirements of Hong Kong office assets. Based on the latest transactions, vacancy, and rental data, this article analyzes the current true state of Hong Kong's office market and provides new portfolio strategies suitable for institutional and high-net-worth investors.
