The Hong Kong SAR government has recently released a new round of economic data, predicting that Hong Kong's Gross Domestic Product (GDP) will contract by 3% in the Q4 of 2019 and contract by 1.3% for the whole year, and lowering Hong Kong's GDP growth forecast for 2020 to 0.7%.
It can be seen that there is an uncertainty in Hong Kong's economic prospects and hence some investors have stepped up their efforts to transfer funds to other countries and regions, including Southeast Asian countries. These countries are the members of the Belt and Road Initiative (BRI) that China has been actively promoting since 2013. With the continuous implementation of the BRI, China and Southeast Asian countries have developed much closer business relationships and trade ties.
In view of that, AVISTA has selected a number of the Belt and Road countries, mainly those in Southeast Asia, and conducted a comprehensive analysis of their real estate market.
The first country that we are looking at would be … Malaysia.
Please click here to read the full report (Chinese version only).