Investment in Hong Kong Commercial Real Estate Fell 27% In 2018
Investment in Hong Kong’s commercial real estate market dipped 27 percent in 2018, compared to the previous year, reaching a 12 month total of HK$126 billion ($16 billion) despite a furious start to the year, according to a recent report by Cushman & Wakefield.
From January through June, investment in the city’s commercial real estate assets reached HK$71.9 billion, but slid to HK$54.1 billion in transactions during the second half of the year. This trend was a reversal from the market’s 2017 performance, when the last six months of the year generated 67 percent of annual investment. Despite the steep decline in 2H, strong momentum early in 2018 provided a cushion for the full year