Family offices are expanding their real estate holdings in Hong Kong as global economic shifts and market reforms enhance the city’s appeal as a leading investment destination.
Hong Kong remains a prominent wealth hub and has more than 2,700 single-family offices, according to a 2024 Deloitte study. In a 2025 report by Altrata, the city ranks third globally in terms of the number of ultra-high-net-worth (UHNW) individuals, defined as those with over US$30 million in assets.
“Hong Kong’s property values remain appealing for investors seeking value,” says Thomas Chak, head of capital markets and investment services at Colliers Hong Kong. He added that regional investors are redirecting capital to the city amid global supply chain reorganisation and evolving trade patterns.
Hong Kong’s commercial real estate market has outperformed global markets, with investment transactions declining only 1 per cent year-on-year compared to a 9 per cent global drop, says Chak. Recent policies incentivising the conversions of offices, hotels and residential buildings into student hostels have boosted potential returns for property owners.
Oversupply in the residential and commercial sectors has created new entry opportunities for investors. Luxury home prices fell by up to 50 per cent below pre-Covid-19 levels due to distressed sales, Savills reported last September.
