Big-time real estate investment volume drops a whopping 44%

It now stands at HKD17.6b.

It has been noted that the in the real estate sector's investment market, total investment volume (for deals over US$10 million) in Q3 2015 recorded a 44% drop q-o-q.

According to a research note from CBRE, the amount has been pegged at HK$17.6 billion.

Meanwhile, the report also noted that the office sector was most active in Q3 2015, with several grade B buildings transacted.

Further, it said the most significant deal of the quarter is a big-ticket hotel transaction, where GAW Capital Partners acquired the InterContinental Hong Kong Hotel in Tsim Sha Tsui for HK$7.3 billion.