Hong Kong to Return as a Top Property Investment Location
- City ranked No. 5 for cross-border investment in a CBRE survey
- Economy and business due to recover after ending Covid Zero
The rise in ranking comes after Hong Kong finally ended its Covid Zero policy along with mainland China, which kept the city isolated from the rest of the world, battering the economy.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Hong Kong has returned to the top five Asia-Pacific investment destinations by property consultancy CBRE for the first time since 2020, thanks to an expected pandemic recovery and low pricing.
The report on real estate investor intentions for 2023 showed the Asian financial hub came in at number five after Tokyo, Singapore, Ho Chi Minh City and Sydney among the most preferred cities for cross-border investments.