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Real Estate Briefing - Categorized | Commercial property Watch, Performance more

Commercial property demand over the roof

Posted on 13 December 2012

Hong Kong’s commercial and industrial property markets soared over the past year, with both the transaction volume and value reaching their highest level since 1997, thanks to the influx of hot money as well as stronger demand from investors after the government imposed punitive special stamp duties on residential property transactions, according to data compiled by real estate agency Midland.
As of Dec 8, 2012, the Land Registry received 8,399 registrations of sale and purchase agreements for commercial and industrial properties, up 23.5 percent over the 6,799 registered for the year 2011………………………………………..Full Article: Source


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