In November, American developer Hines bought the 158-room Butterfly on Prat hotel in Tsim Sha Tsui for HK$930 million. Photo: SCMP Pictures
In November, American developer Hines bought the 158-room Butterfly on Prat hotel in Tsim Sha Tsui for HK$930 million. Photo: SCMP Pictures
Business

Hong Kong property investment to grow by 20 per cent next year, led by hotels, serviced apartments, says Cushman

  • Multifamily conversions – hotels converted into long-stay flats for rental – are proving an attractive investment, says Tom Ko of Cushman & Wakefield
  • Industrial buildings and sites were among the most active sectors, last year and that is expected to continue

Topic |   Hong Kong property
Xinlu Liang
Xinlu Liang

Updated: 11:00am, 15 Dec, 2021

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In November, American developer Hines bought the 158-room Butterfly on Prat hotel in Tsim Sha Tsui for HK$930 million. Photo: SCMP Pictures
In November, American developer Hines bought the 158-room Butterfly on Prat hotel in Tsim Sha Tsui for HK$930 million. Photo: SCMP Pictures
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