East Rail Line Extension to Drive Future Capital Appreciation in Adjacent Districts
HONG KONG SAR – Media OutReach – 24 May 2022 – Global real estate services firm Cushman & Wakefield today presented its 1H 2022 Hong Kong investment market overview and forecast. Impacted by the fifth wave of the pandemic, investment activities in Q1 2022 were slowed down, dampening the large deal transaction (deal size of over HK$100 million) count in the quarter. However, although this period has delayed investors’ decision making, it has not diminished investment confidence in the city. Investment activities in Q2 picked up demonstrably, showing promising signs for a further recovery in the second half of the year. The full year’s transaction volume is expected to reach HK$70 billion, with industrial assets and development sites continuing to be sought-after. Meanwhile, the opening of the East Rail Line cross-harbour line will also benefit and spur capital appreciation for adjoining properties.