Transition to Mainland Tenant
- Transition from expats to Mainland tenants expected to continue in 2024.
- Overall rental indices see slight growth of 0.1%-1% except luxury apartments in Hong Kong Island.
- Slow return of expatriates impacts luxury residential leasing market.
- No new local demand was observed while new Mainland tenants actively sought mid-range properties in new developments with pre-installed furnishings and convenient locations.