Demand for HK Property Is Very Strong, Says Midland Realty’s Lau

The video discusses the resilience of market prices despite fluctuations, highlighting the strong demand and limited supply as key factors. Interest rates have remained low, contrary to previous expectations of hikes, contributing to market stability. The Hong Kong housing market faces challenges with supply not meeting demand, despite plans for increased units. Speculative demand has decreased due to stamp duties, while organic demand remains strong. The imbalance between supply and demand is expected to persist, with no immediate crash anticipated.

What is one reason for the resilience of prices despite recent market corrections?

• Strong demand and limited supply

• High interest rates

• Decreased population

• Increased housing supply

How did market expectations regarding interest rates change at the end of last year?

• Interest rates were expected to remain the same

• Interest rates were expected to increase four times

• Interest rates were expected to decrease

• Interest rates were expected to increase only once

What is the projected number of housing units to be completed over the next five years?

• 150,000 units

• 200,000 units

• 50,000 units

• 93,000 units

What is a significant challenge in increasing housing supply according to the transcript?

• Decreasing demand

• Time required for land development

• High construction costs

• Lack of government support

What has been the impact of stamp duties on speculative demand?

• Increased speculative demand

• Speculative demand remained constant

• No impact on speculative demand

• Reduced speculative demand

What is the expected trend for the housing market given the current demand-supply situation?

• Decrease in housing demand

• Rapid increase in housing supply

• A significant market crash

• Stable prices due to low interest rates and limited supply

What is the estimated annual average of housing units to be completed over the next five years?

• 10,000 units

• 15,000 units

• 25,000 units

• 18,000 to 20,000 units