Demand for Hong Kong Logistics, Industrial Properties Remains Stable Despite US-China Trade War
According to JLL, industrial properties in HK continue to be a bright spot despite the US-China Trade War.
The positive news is driven by expansion demands for logistics companies. Demand for industry property held steady with several major transactions taking place. Laws Property Group acquired an industrial building from Hang Lung Properties for HK$1.4 billion aiming to revitalize the building for multiuse.
“Despite uncertainties in the macro environment, the growth potential of older industrial properties that are suitable for revitalization continues to draw the interest of investors into the market. Areas that are receiving the greatest interest include those with significant housing supply and those undergoing gentrification. This is one of the key reasons, why we expect the capital value of industrial properties to grow by about 5% in 2019” – Denis Ma, Head of Research at JLL