Hong Kong Offices Face Obsolescence Amid AI Era Demands
Quick Look
- Hong Kong's private offices risk obsolescence by 2030 as nearly two-thirds will exceed 30 years old.
- Experts emphasize the need for energy resilience, supply, connectivity, and tech infrastructure to meet AI-driven future standards, with some buildings already showing value and efficiency declines.
AI-generated summary
Why It Matters
Nearly two-thirds of Hong Kong's private offices will be over 30 years old by 2030. A fifth of ageing buildings are already facing obsolescence.
“If you want to bring buildings up to an appropriate standard in a world of AI, going forward there should be energy resilience, energy supply, connectivity and technological infrastructure,” he said.
“All of those things are an additional layer to get those buildings to the right standard.”
Nearly two-thirds of private offices in Hong Kong will be over 30 years old by 2030, according to official data cited by Knight Frank.
A separate estimate last year by JLL, a global property services and investment management firm, found that about a fifth of Hong Kong’s ageing buildings were potentially facing obsolescence, with declines in both value and efficiency.
Open Questions
- What specific upgrades are needed?
- What is the cost of these upgrades?
- Who will fund the upgrades?
