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Singapore-based investors are Hong Kong’s top non-local commercial property buyers: Colliers
['Mary Alavanza']
The Independent Singapore News
HONG KONG: Singapore-based investors have become Hong Kong’s top non-local commercial property buyers, according to Colliers.
Singapore-based investors accounted for the bulk of non-local commercial property investment in Hong Kong during the second quarter, contributing HK$3.37 billion (S$554.35 million), or 62% of the HK$5.46 billion recorded from non-local and mainland Chinese buyers, the South China Morning Post (SCMP) reported, citing data from Colliers.
In the first quarter, mainland Chinese investors dominated non-local acquisitions there, accounting for HK$4.73 billion.
Singapore investors were then absent from the market.
/ TISGRead also: Singapore and Hong Kong named Asia’s most dynamic family office hubs: Julius Baer report