Commercial properties investment sentiment picks up with $19b total turnover

It's a 95% y-o-y growth from Q3 2013.

It has been observed that investment sentiment in commercial properties improved quite noticeably in Q3 2014, with HK$19 bil total turnover recorded.

According to a research report from CBRE, this lump sum is 21% less than that in Q2 2014, which was heavily weighted by Citi's purchase of the East Tower of One Bay East and the sale of 41 Heung Yip Road.

However, it represents a 95% y-o-y growth from Q3 2013.

The report also noted, though, that the y-t-d transaction volume of HK$54 bil was still 12% down comparing to the same period last year.

This was observed, given speculative activities were still in play during the start of 2013 that boosted the high base number.