Property News · July 24, 2020

Hong Kong outperforms global gateway cities as favoured investment destination for property over US$10 million


Hong Kong remains the preferred destination for luxury housing over US$10 million, but investors are delaying big ticket purchases against an uncertain economic backdrop, with the number of deals plummeting by more than half in the first half.The city recorded 60 such residential transactions in the first half, 61.3 per cent lower than the 155 seen a year earlier, according to Knight Frank. The number of deals, however, was 15.4 per cent more than Los Angeles, which came second.“Against the…

Source : South China Morning Post
Read more…Hong Kong outperforms global gateway cities as favoured investment destination for property over US million

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