Development sites remain the most favoured sector in Q3.
Hong Kong slips to third place in destination ranking for outbound mainland Chinese real estate investment, attracting $4.37b (US$560m) in investment for Q3, according to a report on outbound Chinese investment by Cushman & Wakefield.
The Sha Tin Town lot 601 deal accounted for 56% of Hong Kong’s outbound investment total. It was priced at $2.44 (US$312m) and acquired by Country Garden.
Development sites remain the most favored sector as it accounted for 58% share of total outbound real estate investment volume.
The office sector also posted healthy growth as it represented 27% of investment share, followed by apartment (10%) and industrial (5%).
Australia snagged first place with real estate transaction volume of $6.12b (US$783m) followed by the United Kingdom which attracted a total transaction volume of $4.85b (US$621m).
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