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65%
70%
75%
80%
85%
90%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Rental Savings (%)
KOWLOON EAST VS GREATER CENTRAL
Note: Grade A oces
Source: Cushman & Wakefield
The growing attractiveness of
Kowloon East to tenants, owner
occupiers and investors has
been borne out by the number
of major transactions since 2014
which accounted for 35% of the
value of en bloc oces transacted
in Hong Kong. Rents in Kowloon East
are currently about 75% cheaper than
Grade A space in Greater Central, and is
considered a bargain in the world’s most
expensive occupier market. In addition,
owner-occupiers are gaining a first-mover
advantage in purchasing quality oces to
reap both substantial rental savings and capital
appreciation, as the market develops further.
KOWLOON
HONG KONG
ISLAND
HONG KONG
GREATER CENTRAL
KOWLOON EAST
37