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Banking turmoil threatens Hong Kong office market rebound

Chinese financial companies seen as Central's 'next wave of office occupiers'

Offices of Credit Suisse at the International Commerce Centre, Hong Kong's tallest skyscraper. A glut of vacant space in Hong Kong could worsen with potential layoffs at Credit Suisse.

HONG KONG -- The latest banking turmoil has added to concerns about a recovery in Hong Kong's office market, recently buoyed by renewed interest from the reopening of the territory's pandemic-shut borders.

Sentiment has improved with Chinese companies flocking to Hong Kong to view office space in the past three months -- this after the world's most expensive property market experienced one of its longest slumps with vacancy rates soaring and rents declining during the global health crisis.

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