LONDON--Hongkong Land Holdings Ltd. (H78.SG) Wednesday said
activity in the Hong Kong office leasing market remained low in the
period from July 1 to Nov. 5, with rental reversions in the Central
office portfolio continuing to be largely positive.
MAIN FACTS:
-Vacancy 5.9%, compared to 5.6% at June 30; expected to decrease
before the end of the year
-Retail portfolio is fully occupied and rental reversions were
positive
-In Singapore, market was quiet with rents remaining stable, and
vacancy in the Group's office portfolio was 2.4% compared with 3.1%
at the end of June.
-Hongkong Land's balance sheet remains strong, with net debt at
Oct. 31 largely unchanged from that reported at the half year
-Write to Ed Ballard at ed.ballard@wsj.com
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