Fuelled by bullish stock markets, mainland, local and international investors are eager to participate in Hong Kong's buoyant property market, according to some property consultancies.
Kent Fong Chi-kit, director of the investment department at international property adviser DTZ, said there was strong interest by both local and international investors in development projects such as logistics, commercial and retail, and some investors were also pairing up with Hong Kong developers for certain projects that involved the refurbishment and redevelopment of properties.
'Often, through their investment banks, individual international investors may choose between lower risk commercial property projects, with a return period of 10 to 20 years, or the shorter, yet higher risk opportunistic commercial property projects,' Mr Fong said.
Cash-rich mainland Chinese investors were more interested in Hong Kong's residential developments as end users, according to Mr Fong.
He said these investors sought out high-end properties in districts such as The Peak and Island South and looked for villas, luxury flats or houses.
Hong Kong investors, meanwhile, are careful but active in Hong Kong's retail property market.
They looked for high-end retail properties in areas such as Wan Chai and Central for renovation and upgrading purposes, according to Mr Fong.
