Hong Kong Still Asia’s Biggest Real Estate Investment Draw

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Capital flows from mainland Chinese investors have helped Hong Kong to retain its position as Asia’s leading property investment destination.

A new report from ULI Asia Pacific and PricewaterhouseCoopers indicates that total real estate investment in Hong Kong for the first half of 2017 reached USD$8.269 billion, for a year-on-year increase of 5%.

The figure makes Hong Kong the biggest real estate investment destination in Asia, as well as the fifth largest in the world after New York, Los Angeles, London and Seattle.

David Faulkner, Executive Director, Valuation and Advisory Services Asia, Colliers International, said that inflows from mainland Chinese investors had led to continuous gains in prices on Hong Kong’s real estate market.

The report’s data further indicates that the¬†international clout of Asian real estate investors is rapidly expanding,¬†with total sum of Asian investment in the global real estate market posting a year-on-year doubling in the first half to hit USD$45.2 billion, equivalent to 40% of the sector’s cross-border investment.

Asian investor are showing an especially keen enthusiasm for the European real estate market. Asian investment in European property posted a 225% year-on-year increase in the first half to reach $21.9 billion, while the figure for North America saw a 47% increase to reach $11.3 billion.

Intra-regional Asian property investment for the same period was $10.4 billion, for a year-on-year increase of 68%.

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