Commercial Other

Investments declined by 37.5% to HK$7.5b during the quarter.

The residential sector accounted for 40% of the transactions. 

Only four industrial mortgagee listings were sold.

The success rate was at 4.9%.

The deals are expected to set a benchmark for buyers and sellers, following a lacklustre Q1.

The Managed Investment Trust tax for BTR projects was halved from 30% to 15%.

Japan is expected to lead in Q2, then Hong Kong in Q3.

Hong Kong’s office rents are about 40% higher than Singapore’s.

Japan remains the top market for Western investors in APAC while China hits a 10-year low.

Japan led investments in the region with $8.9b during the quarter.

High-interest rates and anti-pandemic restrictions impact APAC investment in the US. 

Over half of the volume came from foreign investors.

Five of eight property developers rated B3 and below are expected to have interest coverage below 1.5x in both scenarios.

There is approximately 100m sq ft of total leasable area within the life sciences sector as of end-2022.

The success rate was at 9.5%, equivalent to a total gross sales value of S$90.3m in 2022. 

And 70% believe unpredictable interest rates will significantly affect investment decisions.