Here's proof that Hong Kong's property investment opportunities are becoming scarce
Are the 'good' ones gone?
According to Colliers International, there remains a lot of pent up demand for property investment opportunities in Hong Kong, especially with the continuing low interest rates.
Antonio Wu, Colliers’ Deputy Managing Director, Hong Kong said "however, good investment opportunities are becoming increasingly scarce, and it is likely many investors will decide they can find better opportunities in overseas markets, in terms of asset quality and yields.”
This explains outbound investment transactions weigh more heavily than the inbound cases in Hong Kong in 2013. The significant inbound property investment totalled HK$5,180 million, including TW6 project at Tsuen Wan West Station purchased by Vanke JV NWD and the West tower of One Bay East purchased by Manulife.
Meanwhile, the outbound property investments include five transactions in China and the U.K. purchased by developers, private group and private investors, which involve a total transaction turnover of HK$42,700 million.