Property News · January 16, 2020

Investment in Hong Kong commercial property dropped 52 per cent last year, as protests hit demand across sector, CBRE says


Investment in Hong Kong office and retail properties plunged by 52 per cent last year to HK$$68.9 billion (US$8.9 billion), the largest decline in a single year since 2011, property consultancy CBRE said on Wednesday.The ongoing anti-government protests and economic uncertainty had weakened demand across all sections of the city’s real estate sector. “A lot of uncertainty continues to exist in Hong Kong’s economy in 2020, due to the ongoing social unrest, trade talks and China’s economic…

Source : South China Morning Post
Read more…Investment in Hong Kong commercial property dropped 52 per cent last year, as protests hit demand across sector, CBRE says

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