Mainland Chinese capital is shifting to lower-grade commercial buildings in Hong Kong as the prices of grade A offices become too expensive, seeking higher returns by redeveloping and updating older properties.
Investors see potential in so-called Ginza-style buildings, which house multiple outlets and restaurants on all floors, not just the ground, as well as in creating destinations built around a theme and in co-working spaces for entrepreneurs.
“Many mainland investors are still…
Source : South China Morning Post
Read more…Chinese money targeting lower-grade Hong Kong commercial buildings in search for value















