Hong Kong ranks top 10 for cross-border land investment

Hong Kong also ranked seventh in the top global sources of cross-border capital.

Hong Kong ranks amongst the top 10 global destinations for cross-border investment into land and development sites on a 12-month rolling basis, a report from Colliers noted.

The firm added that APAC “continues to dominate the land-led market,” with the US, Germany and the UK the only non-APAC entries.

The findings come as APAC deal activity has picked up, with year-to-date volumes running about 5% above 2024 through end-June, Colliers noted.

In a sign of sector rotation, office has reclaimed the No. 1 spot in APAC on a rolling 24-month basis, ahead of other sectors.

Meanwhile, Hong Kong is also a top-10 global source of cross-border capital, appearing seventh in Colliers’ ranking.

On the macro front, Colliers’ projections show Hong Kong’s 2025 GDP forecast revised up by +0.3 percentage points versus December 2024.

Globally, fundraising is rebounding: US$111b was raised in H1 2025, and data centres fundraising is now significantly ahead of industrial, reflecting AI-driven demand.

On valuations, APAC yield/cap-rate spreads remain robust, with further rate cuts expected across many APAC markets—though potential BoJ hikes could offset some support.