They say that the first casualty of war is the truth. Today with the current full throttle global war on the corona virus underway, predictions of future events often seem to be negatively overblown and exaggerated.Take for example New York’s Governor Anthony Cuomo in the US who initially said his state needed 30,000 respirators to h
15 April 2020The Signs of Market OptimismSeems like the drumbeat of bad news will never end with the coronavirus taking centerstage in everyone’s lives here in Hong Kong and around the world. This, coming on the heels of last year’s widespread social unrest throughout the Territory, is sure to completely decimate the local real estate market in 20
Amidst the black-swan emergence of the coronavirus, rather than simply state my own views about the potential impact on property prices, I want to also summarize what various real estate experts across different parts of the industry are saying. Here’s a range of recent comments from real estate professionals, followed by my own v
It has been widely reasoned that the demonstrations over the past six months in Hong Kong have been driven, in part, by frustrations of young locals locked out of the residential property market due to price that have risen to incredible levels over the years. The gov
Over the past six months while Hong Kong was mired in often violent protests, one of the key topics of discussion in the community was how all this chaos would ultimately play out in terms of its negative effects on the Territory’s financial and real estate markets. When asked, most people tended to shoot from the hip and think
14 November 2019 - As the end of 2019 approaches, we’ve seen a dramatic rise in the levels of unrest. This has undoubtedly created more uncertainty for property owners, investors and tenants. Let’s review the events of the year as they relate to real estate to provide some context and advice for buyers and tenants that may be helpful for any upco
Continued mass protests across Hong Kong, coupled with worries for global economic slowdown have taken a serious toll on the confidence in Hong Kong’s property market in recent months. Scores of articles have been written in the press describing poor sales launches and headline transactions at steep discounts to asking prices. In
On 16 Oct 2019, Chief Executive of Hong Kong, Mrs Carrie Lam, made her third annual policy address since assuming office in 2017. The Chief Executive’s 2019 Policy Address covered four key topics including a) Housing; b) Land Supply; c) Improving People’s Livelihood; and d) Economic Development. Two of these have an immediate and
On July 31, the US Federal Reserve cut interest rates for the first time in more than a decade, citing muted inflation, concerns about the global growth and trade uncertainty. Given we have already been in a (very) low interest rate environment for a decade (since the 2008 GFC), will this rate cut affect the H
In an interview with Mid-levels Magazine, OKAY.com CEO Joshua Miller shared his thoughts on rental trend in Hong Kong. here are some of the highlights: Rents in Hong Kong have continued to inch upwards this year, fueled by broadly positive sentiment in the overall markets (including the financial markets). We did see a brief abat
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