HK investors favour retail properties

There were more larger sum of transactions generated in August 2023.

Property expert’s new research showed that the monthly transaction volume in Hong Kong grew 3.8% to 1,413 in August 2023.

In its study, CBRE also found that there were larger lump sum transactions emerged, where investors still favour retail assets. 

Notable sales include Dennis Law, which took over a 9,499 sq. ft retail podium at OLIV. Another is Causeway Bay, bought for HK300m, whilst Edwin Lee/Bridgeway spent HK213m to acquire a basket of shop lots in North Point with 12,975 sq. ft. aggregated GFA.

In its outlook, CBRE said more visitors from Mainland Chinese visit Hong Kong to take part in arts and cultural activities, exhibitions and major concerts. 

“The government’s effort to revitalize Hong Kong’s evening economy, together with the support and participation from major landlords is expected to drive the retail segment,” said CBRE.