Hong Kong property: fire sales dominate 1st-half commercial deals as debt weighs on owners

Real Estate Partners Jasmine Chiu and Eugene Wong (both Hong Kong) are quoted in this article discussing the increase in distressed property sales in Hong Kong during the first half of the year.

“We see a lot of dry powder available in the market,” says Eugene. “Investors believe that the property sector could be at the bottom now because we have been at an interest-rate peak period for some time already. They will decide whether a distressed property is at the right price,” adds Jasmine.