The Hong Kong economy has been hard hit by political unrest and the ongoing trade war between China and U.S. since 2019. The two incidents pushed its economy into a technical recession in 2020. Then came COVID-19. Hong Kong businesses, especially in the retail sector, suffered another big blow as tourists dried up overnight. The experts now forecast that the pandemic will send Grade A office rents down by 11% to 16% in 2021. With all the doom and gloom, it seems that the future is bleak for commercial properties in Hong Kong. REITs with heavy exposure in Hong Kong have taken a beating since 2019. But are Hong Kong REITs still a profitable long-term investment despite recent performance? Just like what we did with the calculation of investment returns for S-REITs and M-REITs since their IPOs, we are going to do the same for Hong Kong REITs that have been listed for at least 10 years and evaluate their long-term performance....