Investor Presentaiton
Hong Kong Portfolio - Office
Resilient performance outperformed market
5-17
Prince's Building, Hong Kong
Chater House, Hong Kong
| Investment Properties | 2023 Half-Year Results
Average Rents & Vacancy
1H 2022 2H 2022
1H 2023
Average net rent
112
111
107
(HK$ psf/month)
Period-end vacancy
5.4%
4.9%
6.9%
Weighted average lease expiry
4.0
4.0
3.7
(years)
Note: On a committed basis, vacancy at the end of Jun 2023 was 6.2%
Expiration & Interim Rent Revisions
2H 2023
2024
2025
Total lettable office area subject
to expiration/rent revisions
506
1,379
917
('000 sq. ft)
% of area subject to
12%
33%
22%
expiration/rent revisions
-
Expiration
5%
15%
15%
Rent revisions
7%
18%
7%
The Forum, Hong Kong
Average expiring net rent
92
112
112
(HK$ psf/month)
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