Source: South China Morning Post —
Hong Kong’s property investment volume is expected to rise by up to 15 per cent this year from a 10-year low, as investors cautiously hunt bargains after significant price corrections amid rising interest rates, analysts said.
Hong Kong ranks fifth among the top target cities for cross-border investment this year, returning to the top five after a four-year absence, according to CBRE’s 2023 Asia-Pacific Investor Intentions Survey.
“With the reopening of the border with mainland China and more reasonable valuations, investors once again find Hong Kong attractive,” said Marcos Chan, executive director and head of research at CBRE. The city is among the top five target cities for the first time since 2020.
The survey was conducted between November and December 2022, and polled more than 500 respondents in the region. It was first conducted in 2014. Hong Kong ranked eighth in 2020 in the same survey and then fell out of the top 10 in 2021 before climbing to sixth place last year.
As many economies continue to raise interest rates to tackle inflation, and with growing concerns about a recession in other parts of the world, Asia-Pacific investors have become more cautious.
