A general view of Tai Koo area in Quarry Bay., Hong Kong. Photo: Martin Chan
A general view of Tai Koo area in Quarry Bay., Hong Kong. Photo: Martin Chan

Hong Kong property: cash is king as rate hikes, capital depreciation raise the bar on investment returns

  • Property investment loses appeal as homebuyers, investors get better returns from keeping cash in time deposits
  • Analysts at Wall Street firms, real estate consultancies and agencies are still divided on price recovery prospects in 2023

A general view of Tai Koo area in Quarry Bay., Hong Kong. Photo: Martin Chan
A general view of Tai Koo area in Quarry Bay., Hong Kong. Photo: Martin Chan
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