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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

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    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.  

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    Hong Kongmapletree commercial trustmapletree nac trustRetailOfficesProperty investmentThe Level Ground

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