Are foreigners allowed to own property in Hong Kong?

"Yes, foreigners are allowed to own property in Hong Kong. Non-Hong Kong residents are allowed to purchase residential and commercial properties in Hong Kong, provided they obtain the necessary approval from the Land Registry. Foreigners are also allowed to lease property in Hong Kong, but they must obtain the necessary approval from the Lands Department. In addition, foreign investors may also purchase shares in Hong Kong-listed companies, which may give them indirect ownership of property in Hong Kong," remarked another expat who made the move to Hong Kong.