There’s no need for “doom and gloom” according to Colliers International Hong Kong as they note a rebalancing in the property market for 2019 according to their official outlook for the year ahead.
Summary & recommendations
While 2019 will be a different year in many aspects, Colliers remains confident in Hong Kong’s resilience against adversities and the number of opportunities in the property market.
Regarding specific property markets:
- CBD fringe areas have a better combination of business amenities and affordable rents for occupiers considering moving away from core-CBD.
- Expanding retailers should look for first-tier high street locations, leveraging the adjusted rental level.
- Families should look into Kowloon for more affordable residential rental options, combined with new schools
Read the full report here.