News

“Remarkable year” for Hong Kong real estate

Real_estate_soldInvestors spent more than $20 billion on income-producing property assets in Hong Kong last year, a rise of 39% compared with 2016. The “remarkable year” pushed the territory past Tokyo to become the most active property market in the Asia-Pacific region by sales volume. “Scarcity of land, excess capital sitting on the balance sheets of domestic buyers, as well as a flood of capital from mainland China were the main reasons for the surge in activity,” said Real Capital Analytics, the property consultancy that produced the data. Across the region, acquisitions of income-producing property assets grew 6% over the year to reach nearly $158 billion, a record level. The growth mainly came from purchases of apartments and industrial buildings. Cross-border capital accounted for about 30% of the purchases. Asian cross-border investors increased their acquisitions by 29% compared with the previous year. ©2018 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

Roundtables

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.

HONG KONG ROUNDTABLE: A sunny picture

Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.