Local investors are confident in the city's real estate because of their lived experience. Retail property prices soared more than 250 per cent between 1999 and 2018, while office prices jumped almost fivefold, data from the Rating and Valuation Department show.
While commercial property under some pressure now, residential prices are near record highs and almost three times what they were 20 years ago. That's mainly as interest wanes from international funds that were previously active in the city, given the images on their television screens affects decisions, executive director Tom Ko said.The firm says full-year transaction volumes for commercial properties may dip to a 10-year low in 2019 as major players stay on the sidelines. Prices may drop further if the demonstrations persist, Mr Ko said.Stan Group is another local bargain hunter.
Source: News Formal (newsformal.com)
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