Political unrest in Hong Kong has caused commercial property values to plunge.
Some mainland Chinese investors are taking advantage of the 30% off sale – betting the Hong Kong will maintain its status as an Asian financial center.
Last month, buyers from mainland China purchased two office towers and one hotel building worth USD $520 million.
“A majority of recent large-value building deals were bought by Chinese investors; their number has really grown in the third quarter,” stated Reeves Yan, head of capital markets at CBRE Hong Kong.