Shein plans to launch Hong Kong IPO as soon as next Wednesday, sources say

Hong Kong's commercial property investment sector experienced a remarkable 129% growth in the second quarter, surpassing other top markets such as Singapore and Australia, according to JLL. The surge in retail and office deals, coupled with a low base effect, propelled the market to a total of US$3.1 billion, with office investments primarily driven by assets under receivership.

The rebound in the second quarter contributed to a 35% year-on-year increase in commercial real estate investment in the Asia-Pacific region, reaching US$45.5 billion. Despite macroeconomic uncertainties and a complex interest rate environment, JLL's Oscar Chan highlighted that the city's commercial real estate market remains highly active, driven by improving rental prospects and interest in office assets.

This performance is expected to bolster regional growth, with a strong focus on technology-supporting assets and value-added real estate.