REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
The number of office leasing transactions grew last month, with firms from the Mainland being one of the main sources of demand. The luxury residential leasing market remained quiet, however, due to the unclear outlook of the global economy. The retail leasing sector continued to outperform, with some retailers shifting their attention to more cost-effective locations, moving out of street-based premises to cheaper shopping centres.