ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Property

Demand for virtual land heats up in property-mad Hong Kong

Real estate tycoon lays out plans for digital Mega City to drive future growth

HONG KONG -- Hong Kong's sky-high property prices are usually the talk of the town, but the buzz these days is about real estate that you won't find anywhere in the glitzy financial hub: virtual land.

Prices for land that exists only in the digital world are soaring on the back of broader interest in the metaverse, a concept championed by Microsoft and Facebook -- recently renamed Meta -- which envisions a future where people interact as avatars in the virtual realm.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more