• The Hong Kong Monetary Authority (HKMA) announced it would raise the loan-to-value ratio cap on commercial property mortgages from 40% to 50%.
  • Total commercial real estate investment volume dropped to the lowest quarterly figure since Q1 2009.
  • Market activity included several developers offloading non-core retail properties.
  • Mainland Chinese buyers made HK$2.2 billion worth of acquisitions, comprising 49% of total investment volume.