The COVID-19 pandemic and mounting economic uncertainty slowed transactions in Hong Kong’s industrial sector in 2020. Quarterly transaction volumes for industrial properties bottomed out in Q2 2020 at HK$115 million (US$14.7 million). However, investment market sentiment has improved since the start of 2021, with transaction volume in January-February surpassing the previous three quarters. We expect the industrial sector will continue to attract investment in 2021, mainly supported by trade recovery, the removal of the Double Stamp Duty and the sector’s positive long-term outlook.
Read our latest Flash Report to find out more about the prospects of the industrial sector and our recommendations to investors.