Far East Consortium’s David Chiu says Hong Kong is Asia’s ‘best investment destination’
Chairman insists Hong Kong property ‘still reachable’ for middle-income couples, as long as interest rates remain low

The second son of Hong Kong entertainment tycoon Deacon Chiu Te-ken, David Chiu Tat-cheong took a very different career path to his father, moving to Malaysia in the 1980s and founding Malaysia Land Holdings.
He built the business into one of the country’s largest real estate developers, before returning to Hong Kong in 2000, and now his Far East Consortium International has grown into one of Asia’s largest developers and hotel operators, with operations in Hong Kong, mainland China, Singapore, Malaysia and Australia, and most recently the United Kingdom.
With decades of overseas experience under his belt, Chiu insists Hong Kong is still the best investment destination, with home prices unlikely to drop anytime soon.
How do you view the Hong Kong property market?
It has already recovered, after declined around 10 per cent from late last year until August this year. Unless there is a significant rise in interest rates, home prices in Hong Kong are very unlikely to see any correction.
We have been eager to buy land in Hong Kong and have won some plots. Hong Kong is the best investment destination, with nowhere in Asia like it. It’s safe, has a sound legal system, transparent policies and low taxes.