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 were the unexpected impacts of COVID in the second half of 2022?

How did foot traffic in January 2023 compare to January 2022?

What trends were observed in Hong Kong's market regarding mainland Chinese tourists?

What are the expectations for commercial rents in 2023?

What is the outlook for home prices in Hong Kong according to the speaker?