Investment turnover (including deals over US$10 million, excluding pure land sales and related transactions) fell by 71% q-o-q to HK$5.2 billion in Q4 2019, the lowest quarterly total recorded since Q1 2019.
Local investors remained active, accounting for 79% of total investment volume, a sizable increase on the three-year average of 67%.
Capital values for all sectors continued to decline. Retail registered the sharpest fall, weakening by 23.1% q-o-q over the quarter.
The introduction of 5G technology could potentially translate into demand for properties capable of accommodating data centres. Commercial buildings suitable for medical facilities, fitness centres and education providers will also be sought after.