Hysan: April Office Rental rate of 95% material rent callback is not big

Lidingchang, chairman of the 00014-HK, said after the general meeting that the rental rate of offices and shops in April was 95% and 98% respectively, compared with 97% for office buildings and shops at the end of December 08.　　In his view of the future rent in Hong Kong, he thinks that there is not much supply of grade A office space, so there is little chance of drastic adjustment.　　He said that Manulife's lease would be full in the second quarter of next year and that the business of Manulife would be relocated to Guantang, but a foreign-owned company would be relocated to the above flats. He added that the redevelopment project of its Hing Lee Center will be mainly environmental commercial buildings, the cost is about 5% higher than the ordinary commercial buildings, but the recent fall in building materials prices will be conducive to light costs; As for the xinning building, there is no redevelopment plan, but it may be refurbished in the future to enhance market competitiveness