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Investors see Hong Kong property as a one-way bet

Pearl River Delta, with the territory at its centre, would rank as the world's largest banking-city cluster by 2025

Published Wed, Sep 21, 2016 · 09:50 PM
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Hong Kong

LOGIC, it seems, has little to do with Hong Kong real estate.

Last week, billionaire Li Ka-shing made his first bet on the city's residential property market in years, agreeing to pay HK$1.95 billion (S$341.8 million) for a site in the New Territories. At the same time, he's selling The Center, a 73-storey tower - Hong Kong's tallest - valued at HK$35 billion, and continuing apace with investments in Europe.

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