Hong Kong’s commercial property investment growth beats peer Asia-Pacific markets
Hong Kong’s commercial property investment more than doubled to US$3.1 billion in the second quarter, making it the fastest growing investment market in Asia-Pacific thanks to a strong increase in retail and office deals and a low base effect, according to JLL. The 129 per cent growth from a year earlier beat other top-performing markets including Singapore with 108 per cent growth and Australia…
Hong Kong's commercial property investment market grew by 129% in the second quarter, surpassing other Asia-Pacific markets such as Singapore (108%) and Australia (82%). This growth was driven by an increase in retail and office deals, as well as a low base effect. The strong performance contributed to a 38% rise in commercial real estate investment in the Asia-Pacific region, with investments in the first half reaching US$92.5 billion.
The growth in Hong Kong's market was particularly notable, with office deals driven by assets under receivership and a rebound in prime office rents.
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