Mainland Chinese investors are scouring Hong Kong's commercial property market for bargains after prices plunged 30%, signalling a new wave of demand following anti-government protests last year that kept a lid on investment activity.
HONG KONG - Mainland Chinese investors are scouring Hong Kong’s commercial property market for bargains after prices plunged 30%, signalling a new wave of demand following anti-government protests last year that kept a lid on investment activity.
In August alone, mainland buyers snapped up at least two office towers and one hotel building worth HK$4 billion in total, according to agents and filings. “If Hong Kong gets more stable in the next few months after the national security law, we expect more mainland companies to open branches here, and that will help the office sector to recover.”
Colliers says it expected mainland capital will become “the next wave of demand” in the Hong Kong leasing and investment markets, supported by cross-border financial initiatives in stock and wealth management, and the city’s large capital pool for fund-raising.
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