HKMA real estate portfolio value at HK$8.4bLocal | 24 Oct 2018 12:31 pm
The market value of real estate investment in the Long-term Growth Portfolio amounted to HK$78.4 billion as of December 31, 2017, covering various regions and sectors, the Financial Secretary, Paul Chan told the Legislative Council today.
To better manage risks and enhance returns in the medium and long term, the Hong Kong Monetary Authority has been diversifying part of the investment of the Exchange Fund, in a prudent and incremental manner, into a greater variety of asset classes, including real estate.
On overseas real estate, the LTGP predominantly invests in traditional and mature markets, including North America and Western Europe, and has started diversifying into Asian markets in recent years. Investment channels include direct acquisition of prime properties in major overseas cities and investment in real estate funds. Assets cover office, retail and logistics sectors, he said.