In the 2021 Market Outlook, we take an overview of Hong Kong’s real estate performance and an in-depth analysis of its core sectors: investment, office, retail and industrial. Despite Covid-19’s continued pressure on Hong Kong’s economy, it is anticipated that there will be a gradual recovery in real estate demand and see the market stabilise in the second half of 2021, supported by the roll-out of a vaccine and China’s on-going economic recovery.
Recommendations
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Investment: Investors should take action to purchase in 2021, before prices will likely rebound from 2022 onwards. |
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Office: Occupiers should leverage the market as it looks to bottom in the first half of 2021 to lock in more favourable lease terms. |
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Retail: Retail sales are likely to rebound from the low-base of 2020 when the borders re-open in line with the roll-out of the vaccine programme. |
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Industrial: The rise of 5G technology and e-commerce are pointing to growth prospects in cold storages and data centres. |
