Singapore-based investors now the top non-local buyers of Hong Kong office assets
The News
Singapore-based investors have become the top non-local buyers of Hong Kong office properties, attracted by significant price declines of up to 50% in distressed assets. This trend is expected to continue, according to Thomas Chak, head of capital markets at Colliers. The activity highlights the ongoing correction in Hong Kong's office market and the appeal of discounted assets to foreign investors.
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The Analysis
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Analyzed
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Office asset prices down by 50% from peak.
Thomas Chak is head of capital markets and investment services at Colliers.
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Key findings
The demand is driven by a sizeable correction in the prices of distressed assets amid a slump in Hong Kong's office segment.
South China Morning Post- Office asset prices down by 50% from peak.
- Singapore investors are now the top non-local buyers.
Plain English
Loaded language removedSingapore-based investors have become the largest group of non-local buyers of commercial properties in Hong Kong, drawn by the sizeable correction in the prices of distressed assets amid a slump in the city’s office segment, according to Colliers.
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Claims
The demand is driven by a sizeable correction in the prices of distressed assets amid a slump in Hong Kong's office segment.
South China Morning PostDemand from Singapore is likely to remain steady in the coming months.
PredictionSingapore-based investors have become the largest group of non-local buyers of commercial properties in Hong Kong.
South China Morning PostPrices of office assets in Hong Kong have declined by as much as 50%.
South China Morning PostThomas Chak is head of capital markets and investment services at Colliers.
South China Morning Post