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.
Investors should take action to purchase in 2021, before prices will likely rebound from 2022 onwards.
Occupiers should leverage the market as it looks to bottom in the first half of 2021 to lock in more favourable lease terms.
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.
The rise of 5G technology and e-commerce are pointing to growth prospects in cold storages and data centres.