China’s decision to tread Covid as endemic was largely a surprise for the world in 2022. The stock market reacted to the news positively and the country’s rebound is taking place as we speak. Prior to that, the Hong Kong stock market — largely linked to Chinese economy — had been in the doldrums for years since the political protests in 2019. The sentiment hit a new low when Xi Jinping secured his third term during the 20^th National Congress in 2022. REITs that paid a stable dividend to investors weren’t spared during the subsequent sell-down. By October 2022, the sector was down more than 50%. If you think the performances of S-REITs and M-REITs were bad, Hong Kong REITs were worse! If you have been investing in Hong Kong market since the protests started in 2019, the last four years have not been the best; it is easy to give up especially if you’re staring at capital losses over...