Hong Kong draws $402m in global development capital: report

The city secured US$402m in cross-border capital for land and development sites over the past 12 months.

Hong Kong remains a magnet for global development capital but has scaled back its role as a cross-border investor, according to the GCM Global Capital Flows APAC June 2025 report by Colliers and MSCI Real Capital Analytics.

The city secured US$402m in cross-border capital for land and development sites over the past 12 months, placing it amongst the top 10 global destinations for such investment. This represents a 1% share of global activity, in line with its five-year average.

At the same time, Hong Kong’s role as a capital source for standing real estate assets has cooled slightly. The city deployed US$4.13b globally in the past 12 months, with US$3.10b of that invested within the Asia-Pacific region.

This activity gave Hong Kong a 2.7% share of total global cross-border capital flows in Q1 2025, down from a 4.5% five-year average, marking a noticeable pullback.