Foreign investment in Hong Kong’s commercial property still in ‘negative’ territory
The Investment Sentiment Index in the city dropped to -36 from -39.
Foreign investment sentiment in Hong Kong’s commercial property is still in the negative in the fourth quarter of 2022, the Royal Institution of Chartered Surveyors (RICS) reported.
In its latest Investment Sentiment Index reading, RICS found that China fell to -43 from -35; whilst Hong Kong stood at -36 from -39.
“In effect, China and Hong Kong are among the weaker markets within the APAC Region in the last quarter, according to the latest CPSI reading. Similarly, the Investment Sentiment Index remains in negative,” RICS reported.
In the section of the commercial property monitor which documents the survey respondent’s sentiment on the current outlook for the Hong Kong market, more than 80% of respondents in Hong Kong are of the opinion that the market is either in a decline or at the bottom of the cycle.