
Investment turnover for commercial properties decreases 36% q-o-q to HK$21.4 billion
And two commercial sites are in the spotlight.
In Hong Kong's investment market, it has been noted that investment turnover for commercial properties (for deals over US$10 million, excluding pure land sales) declined 36% q-o-q to total HK$21.4 billion.
According to a research note from CBRE, further, China Everbright Group acquired Dah Sing Financial Centre for HK$10 billion as their new headquarters in Hong Kong.
The report also noted that the FY 2016/17 Land Sale Programme was announced during the quarter. Murray Road Car Park and two Kai Tak commercial sites were put onto the land sale list.