According to new data by JLL, full year Asia Pacific hotel investment volumes in 2024 are anticipated to grow by 4.3% over 2023, which totaled $11.7 billion.
Asia Pacific hotel investments are projected to reach $12.2 billion in 2024, driven by increased investment activity, a favorable interest rate environment, and positive macro and microeconomic trends.
Recent rate cuts and rising stock prices offer positive news for Hong Kong's property market. However, the weak economy and cautious pricing from developers persist.
According to JLL's latest Hong Kong Property Market Monitor report, vacancy rates of Grade A offices in Central and Hong Kong East improved in July 2024, but office rents continue to slip.