Hang Lung Sees Hong Kong, China Real Estate Business Picking Up

The video discusses the unexpected impact of COVID-19 in 2022, particularly in the second half, with significant shutdowns affecting malls. It highlights a strong start to 2023, with increased foot traffic and sales in January. The Hong Kong market shows signs of recovery, with more mainland tourists returning. Expectations for commercial rents and market recovery are cautiously optimistic, with significant developments anticipated in Q2. The residential market remains uncertain, but there is hope for improvement. Hong Kong home prices are expected to rise as mainland buyers show renewed interest. Revenue growth targets for the year are ambitious.

What was the unexpected impact of COVID-19 in the second half of 2022?

• Complete shutdowns of all malls

• Partial shutdowns affecting trading weeks

• Increase in foot traffic

• Rise in commercial rents

How did January 2023 compare to the previous year in terms of foot traffic?

• Foot traffic decreased

• Foot traffic remained the same

• Foot traffic increased

• Foot traffic was unpredictable

What is the outlook for commercial rents in 2023 according to the speaker?

• They will start to pick up

• They will remain stable

• They will fluctuate unpredictably

• They will decrease further

What is the speaker's view on the residential market in the mainland?

• It is stable and growing

• It is declining rapidly

• It is unaffected by recent events

• It is choppy with uncertainties

What is the expected trend for home prices in Hong Kong?

• They will decrease

• They will increase

• They will be volatile

• They will remain unchanged