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Hong Kong’s commercial property could re-rate downwards

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Leslie Yee

Leslie Yee

Published Mon, May 9, 2022 · 05:42 PM
    • While property has helped create many fortunes in Hong Kong, the territory's commercial property may be at risk of re-rating downwards
    • While property has helped create many fortunes in Hong Kong, the territory's commercial property may be at risk of re-rating downwards REUTERS

    HONG Kong’s gross domestic product fell 4 per cent year-on-year (yoy) in Q1 2022, advance estimates released by the government showed. Retail sales in the territory suffered double-digit declines from a year ago in each of February and March.

    Earlier this year, the territory was hit hard by the Omicron-driven wave of the Covid-pandemic, which led to the health system being stretched to its limits and a spike in the number of deaths.

    The territory’s pursuit of eliminating Covid with tough border restrictions have led to some people and businesses leaving Hong Kong.  

    Hong Kongmapletree commercial trustmapletree nac trustRetailOfficesProperty investmentThe Level Ground

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