• Commercial real estate investment totalled HK$19.2 billion in Q3 2021, a decline of 31% q-o-q. However, the Q2 2021 total was skewed by one very large transaction.
  • Industrial buildings remained keenly sought-after, with HK$7.9 billion-worth of industrial assets changing hands this quarter, the highest of any sector. Five of the ten largest deals completed in Q3 2021 involved industrial properties.
  • The period saw stronger demand for office properties. While no en-bloc deals were signed, several office floors were transacted in both the CBD and in decentralised locations. Office capital values edged up by 0.3% q-o-q, their first quarterly growth since Q3 2018.
  • In addition to transactions for street shops in neighbourhood areas, the quarter saw a few eye-catching sales in traditional retail districts.
  • Local investors turned more active in Q3 2021, accounting for 32% of investment volume, the highest among all buyer categories.