Banks and brokerages’ growing demand for space buoys Hong Kong’s retail property sector


Hong Kong’s banking and finance sector is tipped to lead retail property leasing activity, with massive uptake by firms like Forthright Securities, Futu Holdings and HSBC providing support to landlords struggling through a multi-year real estate slump.

Forthright Securities leased three storeys totalling 14,000 sq ft at Golden Centre in Sheung Wan for its first flagship branch in the city, according to CBRE, which facilitated the transaction.

“This transaction not only demonstrates Forthright Securities’ forward-looking market insight but also highlights a new trend in Hong Kong’s retail market, which is the rise of financial services in retail leasing,” said Joe Lin, executive director of retail leasing at CBRE Hong Kong.

Lin said the 27-storey prime office tower and retail podium above Sheung Wan MTR station would provide the brokerage with “excellent brand exposure and convenient transport links”.

Futu Holdings has leased 700 sq ft at 129-135 Johnston Road in Wan Chai. Photo: Google Maps
Futu Holdings has leased 700 sq ft at 129-135 Johnston Road in Wan Chai. Photo: Google Maps

Forthright Securities is expected to officially open the branch after the Lunar New Year.

  • Related Posts

    Trump’s posts and stock trades raise fresh conflict-of-interest questions: Report – Firstpost

    A promotion from US President Donald Trump’s Truth Social account would be a coveted endorsement for many companies. However, a recent CNN investigation has raised questions over a pattern in…

    Continue reading
    TSMC commits another $100 billion to US chipmaking, taking total investment to $265 billion – Firstpost

    Taiwan Semiconductor Manufacturing Co. (TSMC), a major supplier to Nvidia and one of the world’s leading producers of advanced AI chips, pledged on Thursday to invest an additional $100 billion…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *