Amazon and Shorea Capital deals underscore foreign interest in commercial property

Foreign investors are actively acquiring commercial property in Hong Kong, with recent deals involving a unit of Amazon and Singapore-based Shorea Capital. Shorea Capital successfully secured The Pemberton, a mixed office and retail property located in Sheung Wan, through a tender process. While the exact price was not disclosed, Colliers, the lead agent and broker for the transaction, highlighted this as evidence of strong and ongoing demand from Southeast Asian investors for Hong Kong real estate assets. This trend indicates continued foreign interest in the city's commercial property market.