Investments in Hong Kong’s real estate market could rebound in 2024, contrasting with the city’s downbeat sentiments, according to a forecast by property consultancy Colliers.
In 2024, investments in Hong Kong’s property market could rise to HK$50 billion ($6.4 billion), according to a report by Colliers. This compares to the 15-year low of HK$37 billion in 2023. Institutional funds accounted for 9 percent of deals while end users accounted for 40 percent.
According to the property consultancy, there are several tailwinds this year that could support the rebound, including external drivers such as expected interest rate cuts and internal factors such as the revamped investment-based residency scheme.
