Investors see limited appeal in Hong Kong property
Poor investor sentiment is reflected in a depressed sector, from low occupancy to falling profits. There's a strong sense that Hong Kong needs to reinvent itself before investors return.
Stemming the continuing decline of Hong Kong’s real estate market will not be easy, with negative investor sentiment crowding in on the territory despite the declining interest rate trend.
“We’re in a different world now. I don’t see many foreigners or real estate funds investing in Hong Kong real estate, at this point in time,” Arbutus' Timothy Tsui told AsianInvestor.
Arbutus is a multi-family office based in Hong Kong.
Residential property prices have fallen almost 25% fro…
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