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Leasing demand from customers was pushed by the File&B and pharmacy trades. New cafe manufacturers were mostly focused on Chinese and Japanese cuisine. Other resources of leasing demand from customers observed about the training course on the year involved health-related centres, electric powered auto dealers and artwork galleries.

We'll monitor these developments closely and provide updates as being the legislative reform proposals into the PDPO materialise.

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Despite the deficiency of development on reform we will take some ease and comfort from the confirmation via the Privacy Commissioner in the 2022 Overview Report, which the company “

"The shrinking property sector and weak fairness marketplaces continue to be headwinds because they impair the confidence and expending power of homes whose usage is needed to travel advancement," Lesser wrote.

ft. of Room to tenants from these industries. When numerous banks and fiscal firms opted to renew or downsize inside their present locale, the sector remained the most important one driver of leasing exercise.

In reaction to repeated concerns elevated by sure member of the LegCo on The shortage of progress pertaining to s33, the PCPD details out that it has printed a finest exercise, non-binding Guidance on Encouraged Product Contractual Clauses for Cross-border Transfer of Personal Data in Could 2022, to improve the practicability and consumer-friendliness of good cross-border data transfer techniques.

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necessitating formulation of the data retention coverage, empowering the Privacy Commissioner to impose administrative fines; and

China’s endeavours to spur intake and home demand from customers will most likely power economic and income expansion in 2024, driving more powerful vacationer consumption.