Since the pandemic, the Hong Kong real estate market has had its fair share of issues. The high interest rates, low property values, and lack of demand were a recipe for disaster. Nonetheless, analysts are hopeful as we enter the Year of the Dragon. Here’s why…
HK’s Global Positioning is a Glimmer of Hope…
Recently, the GCTV Staff covered why Hong Kong real estate is struggling. However, CBRE analyst, Marcos Chan believes the Chinese metropolis is not out for the count.
The economist pointed out that few to no major financial institutions have left the city. Additionally, HK has invested heavily in conferences and other events to draw business back.
All of which he views as a positive sign for the 2024 Hong Kong real estate market. Chan made this prediction on CNBC:
“AS LONG AS THE INTEREST RATES COME DOWN… IN 12 TO 18 MONTHS, I BELIEVE ULTIMATELY THE DEMAND FOR RESIDENTIAL PROPERTIES WILL PICK UP.”
Despite this bright outlook, it appears that investors are not convinced yet…
Investors Still Cautious of Hong Kong Real Estate Market
At the end of the day, the high-interest rates are the real obstacle to the Hong Kong real estate market’s recovery. And not everyone is as optimistic as Marcos Chan…
But even the above Bloomberg Intelligence interview predicts there will be an improvement.
It just may not be as drastic — or fast — as investors hope.
Be Great,
GCTV Staff
Disclaimer: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
