JPMorgan Cusson Leung: H.K. Home Prices To Rise About 10% In 2021

The video discusses the unexpected strength of the US residential market, driven by factors like LTV relaxation and interest rate trends. It highlights the impact of cross-border demand from mainland China on Hong Kong's property market, despite border closures. The discussion includes market positioning strategies for developers and the potential benefits of upcoming market changes. The video also examines the effects of interest rate fluctuations and policy impacts on demand, as well as the challenges and long-term solutions for land supply issues in Hong Kong.

What was one of the major drivers for the strength in the US residential market over the last 12 months?

• Increase in foreign investments

• Decrease in construction costs

• Relaxation of LTV policies

• Increase in property taxes

How much did the percentage of property purchases from mainland China drop after the border closure?

• From 10% to 7.5%

• From 12% to 8%

• From 20% to 15%

• From 15% to 10%

When does JP Morgan research expect the border reopening to occur?

• In two years

• Beginning of next year

• End of this year

• Mid next year

What is a potential concern related to rising interest rates in Hong Kong?

• Decrease in property taxes

• Increase in demand

• Drag on property demand

• Increase in foreign investments

What is one of the long-term solutions for the land supply issue in Hong Kong?

• Short-term government intervention

• Immediate construction of new buildings

• Farmland conversion

• Increase in property taxes