---
title: "\"Hong Kong Property\" JLL: The government will not push for commercial land tenders next year, which will help the office market absorb supply"
description: "The Managing Director of Jones Lang LaSalle Hong Kong, Paul Bowers, stated that the government's decision not to launch commercial land tenders in the coming year is positive news for the commercial r"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276867373.md"
published_at: "2026-02-25T09:57:11.000Z"
---

# "Hong Kong Property" JLL: The government will not push for commercial land tenders next year, which will help the office market absorb supply

> The Managing Director of Jones Lang LaSalle Hong Kong, Paul Bowers, stated that the government's decision not to launch commercial land tenders in the coming year is positive news for the commercial real estate market, helping the office market to absorb supply and stabilize the leasing market. The absorption of office leasing has improved, and the vacancy rate in some markets has decreased. The rent for Grade A offices in Central is expected to rise by 0% to 5%. The government is adopting a conservative strategy and will release more land for sale after the property market recovers

Alex Barnes, Managing Director of Jones Lang LaSalle Hong Kong, stated that the government's decision not to launch any commercial land tenders in the coming year is positive news for the commercial real estate market. This move allows more time for the office market to digest supply, contributing to a more stable overall office leasing market. The absorption rate for office leasing has improved since last year, and the vacancy rate in some sub-market areas has begun to decline. The rental rates for Grade A office spaces in Central have bottomed out, and it is expected to rise by 0% to 5% this year.

Koo Kin Cheung, Head of Valuation Advisory at Jones Lang LaSalle, noted that recent government land tenders have been sold at or above market valuation limits, reflecting a significant improvement in developers' willingness to bid for land compared to previous years. However, the government has not significantly increased land supply, indicating a desire to adopt a more conservative strategy to avoid excessive land supply putting pressure on the property market. The government plans to release more land for sale only after the property market further recovers, which is expected to lead to higher land prices

### Related Stocks

- [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Hong Kong govt says Q4 GDP +3.8% y/y | Hong Kong govt says Q4 GDP +3.8% y/y | [Link](https://longbridge.com/en/news/276826499.md) |
| Hong Kong court rejects appeal in landmark 'Hong Kong 47' subversion case | Hong Kong’s Court of Appeal has rejected an appeal by 12 pro-democracy activists in a significant national security case | [Link](https://longbridge.com/en/news/276558607.md) |
| Rates pause offers breathing space – but a reset is required | Clare Guinness: ‘Without a fair and balanced approach to rates reform, there is a real risk of closures, job losses and  | [Link](https://longbridge.com/en/news/276691363.md) |
| China Keeps Key Lending Rates Steady in February | China Keeps Key Lending Rates Steady in February | [Link](https://longbridge.com/en/news/276724672.md) |
| Asian economies weigh impact of fresh Trump tariff moves, confusion | Asian economies are assessing the implications of President Trump's announcement to impose a new 10% global import tarif | [Link](https://longbridge.com/en/news/276506619.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.