Overseas institutional investors are focusing on acquiring retail properties in Hong Kong’s major housing estates, as they expect businesses catering to local communities to stay resilient compared to the uncertain outlook for retailers in the tourist belts, according to property consultants.“Smart money from the US and Middle Eastern sovereign wealth funds are seriously looking for shops in major housing estates after seeing annual investment yield increase to a 10-year high of 3 to 4 per cent…
Source : South China Morning Post
Read more…Foreign funds chase retail assets in housing estates as they offer better value compared to prime streets















