2025-04-04 28Hse Editor
In response to China's implementation of the "Hong Kong National Security Act" in Hong Kong, US President Trump signed the "Hong Kong Autonomy Act" last week and cancelled the special treatment granted to Hong Kong. The local real estate industry expects Trump's small actions It has no major impact on the Hong Kong residential market. However, it may put pressure on some foreign-funded enterprises operating in Hong Kong, and it is expected that foreign investment in Hong Kong will become cautious about expansion. In this situation, office buildings and shops, as well as commercial properties such as hotels, will be further under pressure in the short term regardless of rents, occupancy rates and prices.
In an interview with Hong Kong’s Wen Wei Po, Zhang Qiaochu, managing director of Hongliang Consulting and Evaluation, said that the measures taken by the United States this time will put pressure on foreign-funded institutions in Hong Kong, especially U.S.-funded institutions, because large foreign-funded institutions in Hong Kong will inevitably have problems with the Mainland. Trade or transaction, if unfortunately involves the U.S. government’s sanctions on individuals or companies, it will affect the loans of these companies in U.S. banks, and even the settlement in U.S. dollars. Therefore, it is expected that foreign investors in Hong Kong will wait and see the development of the situation, and it will become a problem for expansion. careful. This situation will affect the rental, occupancy rate and selling price of office buildings, shops, and even hotels and other commercial properties.
Residential rigid demand leading influence is limited
But on the other hand, Trump’s signing of the "Hong Kong Autonomy Act" and the issuance of executive orders this time will also stimulate Chinese concept stocks and companies to return to Hong Kong to hedge and raise funds, so the positive negative factors offset the impact on the local economy. It will not be very large, and the impact on residential properties dominated by local rigid needs is limited.
Bu Shaoming, Chief Executive of Midland Realty's Housing Department, also said that even though Trump has signed the "Hong Kong Autonomy Act" and announced the cancellation of special treatment for Hong Kong, as the political situation in Hong Kong has stabilized, the stock market has not seen a significant softening. It can be seen that the market has digested the negative news from the United States to a certain extent. It's Hong KongThe development of the epidemic and the speed of economic recovery will play a more critical role in the property market.
Global water asset prices are rising
Li Zhicheng, chief executive of Hong Kong Real Estate, also believes that the market may still wait and see whether China and the United States will move to each other in the short term to affect Hong Kong. However, with the global flood of funds, the balance of the Hong Kong banking system has risen to more than HK$180 billion, and asset prices are set to rise. The trend of depreciation of silver paper and brick-and-mortar preservation is becoming more and more obvious. Coupled with the tough attitude of homeowners in asking prices, it is expected that the chance of a sharp drop in Hong Kong property prices is limited. Therefore, we maintain our forecast of a 5% fluctuation in property prices throughout the year.
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