Valuations for virtual land at times exceed those in the real world. Photo: SCMP Handout
Valuations for virtual land at times exceed those in the real world. Photo: SCMP Handout

Hong Kong property tycoons, brokers snap up virtual land in metaverse as valuations soar

  • Virtual land sales are a hot new trend in a tech world increasingly fascinated with the metaverse, a shared, immersive 3D space where people can interact
  • In Hong Kong, where housing is scarce and property is deemed the most critical of investments, the interest around digital land sales is reaching a fever pitch

Valuations for virtual land at times exceed those in the real world. Photo: SCMP Handout
Valuations for virtual land at times exceed those in the real world. Photo: SCMP Handout
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