HONG KONG - Hong Kong has made a return to a ranking of 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.
“In the past few years, nobody wanted to buy Hong Kong,” Mr Henry Chin, CBRE’s Asia-Pacific head of research, said in an earlier interview, citing social unrest and its strict Covid-19 policy. The city’s economic growth for 2022 was estimated to have contracted by around 3 per cent, according to a Bloomberg survey, and home sales last year slumped to their lowest level since 2008.
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