Thanks to its zero-COVID policy, Hong Kong has seen good recovery among some of its REITs as the government manages to keep the pandemic under control. The average daily number of new COVID-19 cases in Hong Kong hovered in the single digits in 2021. Performance of selected Hong Kong REITs. But with the government adopting a compulsory quarantine of 14 days for inbound travelers, Hong Kong saw very few tourists in 2021. As a result, REITs in retail and office sectors have not fully recovered and their share prices have not returned to pre-pandemic levels. Despite the pandemic, are Hong Kong REITs still a great long-term investment? 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. Once again, we assume that David (a fictional character) invests HK$10,000 in each Hong Kong REIT from the day it...