Cash-rich investors are looking to snap up hotels in Hong Kong, taking advantage of discounts of as much as 30 per cent, as a rapid recovery in tourism allows owners to exit or trim their borrowing costs, analysts say.
Hong Kong Investment Property Transactions Drop to 19-Year Low bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Hong Kong’s property investment volume is expected to rise by up to 15 per cent this year from a 10-year low, as investors cautiously hunt bargains after significant price corrections amid rising interest rates, analysts said.
Carol Chow is a unique presence among real estate company founders in Hong Kong. With her dyed bob hair and hoodie, she doesn’t look like her counterparts who are mostly men in suits.