Over half of Hong Kong's ultra rich eyes international property investments

It's a 12ppt difference versus 2012.

According to financial advisory firm deVere Group, more than half of all high net worth individuals in Hong Kong are now actively looking to include real estate opportunities as part of their investment portfolio.

The deVere Group reports that 56 per cent of its mainly expatriate clients based in Hong Kong sought advice on domestic and/or international property investments in the first three quarters of last year, compared with 44 per cent over the same period in 2012.

Edward Rice, Area Manager of deVere Hong Kong, comments: “Interest in and commitment to this asset class [property] from Hong Kong-based high net worth individuals is soaring. Holding qualified real estate investments within their well-diversified wealth portfolios is increasingly becoming a major priority for our expatriate and international investor clients.

“This trend is primarily driven by investors being compelled to find alternative means of securing a return on cash due to the ongoing low interest rate environment.

“It has also been boosted by the recent generally positive economic data coming out of the UK, the US, and Asia, which remain amongst the world’s best performing property markets in terms of offering typically good returns at medium to low risk levels.”