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Hong Kong commercial property investment jumps to $3.1 billion in Q2
JLL said the market’s 129.0% year over year expansion was driven by more retail and office deals, and helped lift first-half investment growth by 90%.
Hong Kong’s commercial property investment surged in the second quarter, rising to US$3.1 billion and marking it as the fastest growing commercial investment market in Asia-Pacific, according to data tracked by JLL and reported by SCMP Economy.
SCMP Economy said investment grew 129.0% from a year earlier, outpacing Singapore’s 108.0% increase and Australia’s 82.0% rise, with JLL attributing the rebound to a larger number of retail and office transactions and a low base effect.
JLL also pointed to investors selectively targeting assets that offer immediate yield stabilization, even as Hong Kong faces macroeconomic uncertainties and a complex interest-rate environment.
The second-quarter rebound contributed to a 90.0% increase in commercial property investment during the first half, according to SCMP Economy, which cited comments from Oscar Chan, JLL’s head of capital markets in Hong Kong.