JLL’s Wong Sees Meaningful Drop in Hong Kong Rents, Prices in 2020

The video discusses the downturn in the Hong Kong property market in 2020, influenced by macroeconomic factors like US-China trade talks and local economic conditions. It highlights the significant impact on retail and residential sectors, with a notable drop in rents and prices. The video also explores the waning demand from PRC investors and potential shifts in investment back to the mainland, influenced by changes in China's credit policies.

What are some of the macroeconomic factors affecting the property market downturn?

• US-China trade talks and local economic conditions

• Weather patterns and natural disasters

• Cultural shifts in property preferences

• Technological advancements in construction

Which sector has seen a significant drop in rents due to structural changes?

• Luxury hotels

• Industrial warehouses

• Retail High Street shops

• Office spaces

Why is the high-end residential sector more vulnerable compared to the mass market?

• Owing to government subsidies

• Because of the withdrawal of PRC demand and potential distressed sales

• Because of a rise in construction costs

• Due to increased foreign investments

What has been a supporting factor for the property market in Hong Kong?

• Technological innovations

• Local tourism

• Government incentives

• PRC demand

What recent change in China's policy could affect PRC investments in Hong Kong?

• Loosening of credit policies

• Ban on foreign investments

• Tightening of immigration laws

• Introduction of new property taxes