This is expected to bring greater momentum to the market, thereby supporting a recovery in residential transactions and price stabilization in 2H 2024. Housing price differences between Hong Kong and mainland cities also make GBA properties attractive to some Hong Kong people, especially for those who find Hong Kong purchase entry prices too high. As Hong Kong continues to integrate with the GBA, we expect to see increasing buying interest from Hong Kong residents, supporting a more stable outlook for the GBA residential market. Domestic capital accounted for 99% of the GBA CRE market transactions in 1H 2024, with overseas buyers and institutional investors remaining conservative (Chart 4). Hence, we believe that the GBA logistics sector will continue to attract investors' attention into the future.

Source: Viet Nam News July 23, 2024 11:03 UTC