Hong Kong Investors increase Their Real Estate Share in 2018

Hong Kong Investors increase Their Real Estate Share in 2018
Buyers have put $52.1 billion into Hong Kong’s property market during the first ten months of 2017 and still bigger things are expected in 2018, according to mingtiandi.com. A recent survey of professional investors on the Asian financial hub’s real estate sector by Colliers International reveals that, the rush to capitalise on Hong Kong’s property surge made the city the largest investment market in the world this year – surpassing New York. 68 percent of investors plan to allocate more of their assets into the property market in the next 12 months, the city’s property market is likely to become even more competitive. As a result, rising asset prices are driving new levels of interest in value-add strategies. 71 percent of investors indicated that they would be pursuing value-add approaches, as prices for scarce core assets compress yields to uncomfortable levels for many players, according to the Hong Kong Investor Survey Report 2017 by Colliers. However, among active 35 investors and developers surveyed, 75 percent intended to invest in the city’s office market. They are looking for ways to more effectively re-use existing commercial buildings, or to convert other types of structures for office use. Colliers sees the industry as having reached the bottom, and that it will continue to recover in 2018 and beyond as retail developers roll out new concepts and take advantage of improving technology.
អត្ថបទដោយ: Dara