【Knight Frank】Hong Kong Monthly January 2024

Given soft market sentiment and limited demand, the overall average rent on Hong Kong Island fell further to HK$64.7 per sq ft in December, marking a 1.4% MoM drop or 6.9% YoY drop. In full-year 2023, Central experienced the largest decline among major submarkets, with the overall average rent decreasing by 10.2%.

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