The city appears in ninth place among 10 global cities in Knight Frank’s Prime Global Rental Index after rents rose 0.9 per cent year on year in 2023. However, rents fell 2 per cent in the fourth quarter.
11 Skies, touted as Hong Kong’s largest indoor entertainment hub, is adding Vquarium, the city’s first-ever ‘virtual deep-ocean adventure experience’, to its list of attractions, as landlords beef up entertainment offerings in shopping malls.
Cash-rich investors are looking to snap up hotels in Hong Kong, taking advantage of discounts of as much as 30 per cent, as a rapid recovery in tourism allows owners to exit or trim their borrowing costs, analysts say.