Analysts pick London, Ho Chi Minh, Singapore for property investors seeking to avoid Hong Kong’s woes
- UK commercial property sector is a prime choice for companies looking to add to their portfolio as the path to Brexit clears up, Knight Frank says
- Vietnam and Singapore continue to appeal to Hongkongers for stability, geographical proximity
The new year is promising to be a brighter place for property investors looking for opportunities outside Hong Kong, as industry consultants favour several tried-and-tested locations in Europe and Southeast Asia.
With no end in sight to the city’s political impasse, real-estate investments in Portugal, Greece and Ireland have become a popular bets in 2019 for wealthy local residents seeking to escape from troubling state of affairs.
Other hotspots, such as New York, London and Singapore, are expected to retain their appeals in 2020, they said, as a recession at home diminishes the prospects for capital gains in the near term, they said.
The anaemic outlook means it may be worthwhile looking outside Hong Kong for better gains, they added.
“We recommend investors to search for markets with sound demand and supply fundamentals which can outweigh short-term political or regulatory risks,” said David Ji, head of research and consultancy for Greater China at Knight Frank.