Betting on Chinese demand, Hong Kong developers turn to rental market By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
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Should l Buy ?
Source: Investing.com
Shift in Developer Strategy: Hong Kong developers are increasingly focusing on the rental market due to a downturn in property sales and rising demand from mainland Chinese professionals and students, with rents reaching a five-year high while home prices have dropped significantly.
Growing Demand for Student Housing: The influx of mainland Chinese students and an increase in foreign student quotas have led property investors to convert various buildings into student housing, despite potential long-term rent decreases if supply increases.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
