CK Asset Holdings Ltd

Grade A office rents in Hong Kong's Central district rose 7.3% during the first half of 2026, the strongest six-month gain in 15 years, according to Jones Lang LaSalle. The increase was partly driven by a leasing rebound at CK Asset Holdings' Cheung Kong Center II, where occupancy more than doubled to about 60% since the start of the year, with nearly one-third of the building's 560,000 square feet of available space leased since January. New tenants at the 41-storey tower include PetroChina and First Abu Dhabi Bank, and CK Asset expects the building to be at least 75% occupied by year-end. Central district vacancy fell to 8.8% from 10.9% at the end of 2025, with finance and insurance companies accounting for about half of new leases in the first six months. Jones Lang LaSalle expects overall prime office rents in Hong Kong to rise by as much as 5% in 2026, potentially ending a decline that began after the market peaked in 2019.