The Hong Kong Economic and Trade Office at London (London ETO) and Invest Hong Kong (InvestHK) sponsored the pre-show VIP reception of PropTech Connect 2024, a property technology fair, in London this Tuesday, promoting business opportunities in Hong Kong.

Gilford Law, Director-General of the London ETO, Mr Gilford Law, noted during his welcoming remarks the growth potential of property technology in Hong Kong with its sophisticated real estate sector and its strategic location in Asia-Pacific, which is expected to be the fastest growing area in the property technology market by 2030.

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Law commented that 2 years ago, the Hong Kong Government launched the InnoHK initiative to set up two research clusters with one of them focusing on artificial intelligence and robotics, which is already contributing to our construct tech ecosystem. In July, the government also rolled out the "patent box tax" incentive, offering tax concessions for qualifying intellectual property income. At the same time, Hong Kong has a world-leading dynamic start-up environment, supported by a strong network of incubators, accelerators, angels and venture capital funds.

Daisy Ip, Head of Business and Talent Attraction/Investment Promotion at InvestHK London Office, added that investors, start-ups and well-established businesses alike could have a role to play in shaping the future of the property technology industry in Hong Kong."



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