Singaporean buyers are joining wealthy mainland individuals in scooping up bargains as prices remain depressed, a Savills director says
Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills.
Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas See said.
“Some smart money has noticed that prices of real estate in Hong Kong have already fallen by 30 to 40 per cent,” he said, adding that such buyers were eyeing not only luxury residential properties but also en-bloc commercial properties with the highest potential to provide a strong return.
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