Southeast Asian buyers emerge as top non-local investors in Hong Kong commercial property
Southeast Asian investors have emerged as the largest non-local buyers of Hong Kong commercial property, led by Singapore-based capital, according to Savills. As of Tuesday, local and non-local investors – including those from mainland China – were behind an estimated HK$30.36 billion (US$3.87 billion) in transactions involving commercial property deals above HK$50 million in Hong Kong so far…
Southeast Asian investors have become the largest non-local buyers of Hong Kong commercial property, accounting for more than 11% of the total value of commercial property deals above HK$50 million in the city so far this year, according to Savills. The investors, primarily from Singapore, contributed HK$3.37 billion to the HK$30.36 billion in transactions, surpassing mainland Chinese investors who contributed HK$1.75 billion.
The share of Southeast Asian investors has risen against a much smaller non-local pool, making up roughly two-thirds of all non-local investment this year.
Brief written by urgent.news from SCMP Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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