Property Market Monitor - HKG March 2018

Despite the Chinese New Year holiday, net absorption in the overall market still amounted to 160,900 sq ft in February on the back of relocation and consolidation requirements. Among the more notable new lettings, Kering pre-leased two whole floors (37,300 sq ft) at One Taikoo Place in Quarry Bay as part of their consolidation out of offices in Casuseway Bay, while RGA Reinsurance relocated within Swire Properties' Island East portfolio, leasing 26,000 sq ft at Dorset House at accommodate expansion plans.