HONG KONG: Investment sentiment picked up in Q3 2014, with a total turnover of HK$19 billion recorded.
According to CBRE’s preview of the Hong Kong property market’s Q3 2014 performance, this represents 95% y-o-y growth from Q3 2013.
Meanwhile, the market received keen interest from a variety of buyer groups, including local and institutional investors as well as owner-occupiers.
In the retail market, total retail sales were broadly flat but August saw an uptrend of 3.4% y-o-y, the first positive growth recorded since January 2014.
Sales of jewellery and watches continued to fall but this did not stop retailers from securing strategically located shops, after being cautious, the report said.
They were particularly active in signing up prime street shops in core areas.
The report noted, however, that the figures it presented are preliminary and may be subject to change in the final version.
