Foreign Investors Shun Commercial Properties in Greater Bay Area Amid High Interest Rates

Foreign investors’ investment in the commercial property market of Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has fallen significantly to 2% of total investment, down from about 20% before the pandemic, a report by Cushman & Wakefield PLC showed.

Total GBA commercial real estate investment reached 66.1 billion yuan ($9.27 billion) in 2023, the second highest level in the past five years, but foreign investors contributed only about 1.4 billion yuan in these properties, according to the report.