Southeast Asian firms such as Singaporean bank DBS (SGX:D05) and Philippine fast food giant Jollibee (PSE:JFC) are among those helping prop up Hong Kong's property market, the South China Morning Post reported Monday.

DBS purchased HK$1.35 billion for two floors in the Center in Hong Kong's Central district in August 2024, while Jollibee bought two industrial buildings from New World Development (HKG:0017) in November 2024 for HK$980 million, the report said.

In the first quarter, Southeast Asian firms contributed HK$1.36 billion, four times higher than their year-ago spending, the report said, citing Colliers.

ASEAN firms contributed 22% of the HK$6.28 billion property investment during the period, the report said.

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