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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
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