Property investment firmly on track
Updated: 2014-12-23 07:20
(HK Edition)
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Hong Kong's property investment sector should remain resilient in 2015 because of strong demand amid a moderately improving economy, real estate advisory firms said.
According to Colliers International, institutional investors are seeking to rebalance their allocations to the under-invested Asian property market.
Residential and commercial properties, both retail and industrial, have attracted investor attention. Capital value growth in the industrial sector has outperformed other commercial property asset classes in the city, supported by refurbishment and redevelopment opportunities, Jones Lang LaSalle (JLL) Hong Kong said.
Apart from the improving economy, market yields from property investment should also spur demand. JLL Hong Kong said that rental growth in Hong Kong should drive yield rises and attract institutional investors back to the market.
Demand will also be boosted by mainland investors. "The Hong Kong market will remain active in 2015, with buyers competing for value-added properties," said Antonio Wu, deputy managing director of Colliers International.
(HK Edition 12/23/2014 page9)