A new survey shows Hong Kong climbing back into the top five for foreign investors in commercial property, driven by interest from mainland China. Meanwhile, the luxury residential market has seen a strong recovery.
According to CBRE’s 2026 Asia-Pacific investor intentions survey, Hong Kong ranked fifth in cross-border investment markets, after missing the top 10 the previous year. The improvement stems from growing investor interest, particularly from mainland Chinese investors. Compiled between November and December, the survey gathered 422 responses from private equity funds, developers, insurance companies, banks, sovereign wealth funds, pension funds, family offices, and high-net-worth individuals in markets including Japan, Australia, Mainland China, Singapore, Taiwan, Korea, and India.
Tokyo retained the top spot as the preferred market for cross-border investment for a seventh consecutive year, followed by Sydney, with Singapore and Seoul tied for third.
Meanwhile, a Knight Frank report showed that Hong Kong recorded the second-highest number of luxury residential property deals among 12 super-prime markets worldwide in the last quarter of 2025, sustaining a recovery that began in the second quarter.