Property News · April 7, 2020

Investment funds eye deeper discounts, fire sales as distress mounts in Hong Kong property sector


Hong Kong’s cash-strapped property owners have been willing to sell their assets at a 20 per cent to 30 per cent discount as the economic fallout from the coronavirus pandemic mounts. Some investment funds are waiting out for bigger fire sales. London-based real-estate investment fund manager Nuveen Real Estate said some assets had been priced at around 20 per cent to 30 per cent clearing even before the pandemic hit, as holders buckled under months of anti-government protests. “There are…

Source : South China Morning Post
Read more…Investment funds eye deeper discounts, fire sales as distress mounts in Hong Kong property sector

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