Hong Kong office volumes tank on grim prospects

Hong Kong’s office property market has seen a sharp recent slowdown and is unlikely to recover for many months thanks to the combination of political unrest, Covid-19 and well-capitalised building owners being reluctant to sell at a loss, argue real estate investors. Flows into the city’s office market in the first quarter of 2020 totalled $93 million, just 7% of the $1.3 billion inflows in the same period last year, according to data provider Real Capital Analytics. Total inflows…