Asian Cities Report - Hong Kong Investment
Report Authors: Savills
Savills review the office market, luxury residential, Industrial and retail markets in Hong Kong.
Report Precis – The last quarter of 2011 was a turning point for the Hong Kong property market as rents and prices either slowed or went into decline. A poor macro-economic environment, tight credit and low affordability alongside policy risk, conspired to dampen sentiment. The office and residential markets both look set for a shallow cyclical correction this year, while we are more optimistic about the retail and logistics sectors which should stand up well in the current climate, even if rates of growth slow. Most markets are well-supported by limited current availability and a narrow new supply pipeline.
About the Author:
Savills advise a wide range of clients on property acquisition, occupation and ownership strategies, asset management, regeneration, planning, development and building consultancy, stock condition, disposal and management. They have in-depth knowledge of local and national property markets throughout the world. Their team also includes specialists in matters as diverse as finance, urban design, energy conservation, social housing and research as well as in leisure, healthcare and hotels.