Hong Kong property values plunge, Chinese nationals snap up high-rises at bargain prices

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.

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