Increasing Office Vacancy Rates A Bane For The Property Sector

Patrick Wong, Head, Bloomberg Intelligence Hong Kong

27-Jun-23 07:30

Increasing Office Vacancy Rates A Bane For The Property Sector

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The Asia Pacific real estate sector is facing headwinds as declining property sales and record high office space vacancies in Hong Kong and China are expected to persist until at least the end of the year. We get analysis from Patrick Wong, Head of Bloomberg Intelligence Hong Kong on how global uncertainties will affect the region, and also on the outlook for the real estate market for the rest of 2023.

Image by: Shutterstock

Produced by: Wong Shou Ning, Yeong Yeng Yee

Presented by: Shazana Mokhtar, Mark Tan, Philip See

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Categories: international, markets, property

Tags: apac, property market,

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