JLL: Hong Kong's total commercial real estate investment in the third quarter dropped by 10% to $1.2 billion US dollars compared to the previous year.

According to the Zhichong Financial APP, the latest data from Cushman & Wakefield shows that the total investment in commercial real estate in the Asia-Pacific region reached $39.5 billion in the third quarter of this year, an increase of 2% year-on-year and a significant quarterly increase of 26%. As of the third quarter, the total investment for the year up to now has reached $106.6 billion, an 11% increase compared to the same period last year. Against the backdrop of continued changes in interest rates and lingering geopolitical risks, the market is in a slow recovery phase. In Hong Kong, the total investment in commercial real estate in the third quarter of this year was approximately $1.2 billion, a 10% decrease year-on-year and a slight decline from the second quarter. However, the overall transaction levels are still similar to the quarterly average since last year, reflecting a certain resilience in the market under short-term fluctuations. The total transaction volume for the year up to now has reached $3.7 billion, an 18% increase year-on-year.