Massive uptake of office space by financial firms amid an upturn in the city’s IPO fortunes offers a glimmer of hope for the property sector
In the first instalment of our two-part series on Hong Kong’s beleaguered property market, industry players pin their hopes on the resurgent IPO scene to boost office uptake and ease the pain for developers struggling with US$18.8 billion of loans.
KGI Financial Holding’s expansion in Hong Kong has breathed new life into the city’s struggling commercial real estate sector, with the Taiwanese financial firm leasing about 40,000 sq ft of space in the central business district.
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