HONG KONG : As global investors look for ways to profit from China's reopening from pandemic controls, the beaten-down shares of Hong Kong's property firms and real estate funds have become popular vehicles for riding an expected economic recovery.
"We certainly view the current improving backdrop of Hong Kong's reopening as a catalyst for continued re-rating," said Jadgeep Ghuman, managing director on public real assets team at real estate investment manager Nuveen. Hong Kong home prices sank 15.6 per cent in 2022, ending a 13-year rising trend after three years of COVID-19 dried up flows of property buyers from China and tourists.
Gibson likes Link REIT due to its heavy exposure to shopping centres that focus on non-discretionary retail spending.
還要炒樓？香港人都買不起房子了
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