Hong Kong Land expects that as the commercial real estate market in Hong Kong begins to recover, its office rents will stabilize in 2027 after six consecutive years of decline and resume growth in 2028. Chief Financial Officer Craig Beattie said in an interview that the rent renewal for the lease that expires next year is expected to be roughly equivalent to the current level, “which means our office rent in Hong Kong will remain flat and stable.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.