Hong Kong’s Web3 Firms Drive Surge in Office and Property Demand Amid $44B Fund Inflow
Hong Kong’s Financial Secretary Paul Chan reports that as of end-March, the city registered 976 funds with a record net inflow of $44 billion, up 285% year-on-year. Major innovation hubs, Hong Kong Science Park and Cyberport, have nurtured 22 listed companies and 20 unicorns. Despite a soft non-residential property market, seasoned investors are purchasing entire buildings in Tin Hau to establish Web3 ecosystem hubs. Demand from Web3 firms for office leases and property acquisitions in Hong Kong is rising and expected to continue. This trend underscores Hong Kong’s growing appeal as a Web3 and digital assets centre, with robust fund inflows and infrastructure development supporting further growth.
Bullish
The surge in Web3 firms leasing and buying office space in Hong Kong, paired with a 285% jump in fund inflows, signals stronger infrastructure support and institutional interest in the crypto sector. Similar to past periods when tech hubs expanded office footprints before market rallies, this growth in physical presence often precedes increased Web3 project activity and token adoption. In the short term, rising demand may boost investor confidence and trading volumes. Long term, enhanced ecosystem infrastructure and capital inflows can underpin sustained sector expansion and higher valuations.