Highly assessed Hong Kong property prices next year ascent
Colliers International pointed out that Hong Kong has become the second most popular overseas investment city in the world and the largest source of funds for overseas investment in China, accounting for about 24% of the total. It is expected that property prices will rise by 8% to 10% for the whole of next year. Hu Xiao-ning, deputy managing director of the company’s Asian capital markets and investment services, pointed out that the Chinese-funded consortium recently has an active investment in the Hong Kong market and the trend is expected to continue into next year.
According to the information disclosed, Liao Weilin, Chairman of Group VIII, just bought a full-floor unit on the 33rd floor of Tin Lok Plaza in Wan Chai. The unit area is about 3,496 square feet, with a price of about 10,600 square feet and a turnover of about $ 30,705,000. It is understood that the property transactions in the form of pay, material purchase into the long-term investment.