Four insider tips on Hong Kong property by our local property expert Chris Liem

26.06.2013

If you’re interested in the Asian property market, you should definitely read Chris Liem’s four statements:

Every Wednesday, you find the Engel & Völkers team in Hong Kong in deep discussion. The whole team is highly passionate about real estate, because owner and principal of Engel & Völkers Hong Hong, Chris Liem believes that service starts with end-to-end expertise. No wonder, his company hosts mostly loyally returned customers who, in a busy and fast changing world, appreciate his efforts of trying to fulfil their very own needs.

If you’re interested in the Asian property market, you should definitely read Chris Liem’s four statements:

Forecast property prices for Hong Kong: We are looking at the luxury segment of the market. There will be continued interest and increased demand for properties at the top end of the market with a general 10% rise in prices across the board. But the forecast can only be trusted under the condition, that government policies are not being changed.

Key risks to look out for: The Hong Kong property market is largely influenced by macroeconomic factors. The main risk is the raising of interest rates. The second major risks are government interventions to stabilise prices in Hong Kong.

What to look for in 2013: Investors should look for properties with strong demographic trend potential. Especially in regions which will see key infrastructure improvements in the future. Noteworthy areas include the Mid-Levels because of its limited supply in private properties and its first class location. Another promising location is Sheung Wan because of the gentrification and redevelopment of the district.

What other markets are relevant: The US is in recovery and offers an abundance of opportunities. At the same time opportunities in China represent an excellent chance to gain prime location exposure in key cities.

If you wish for more information about Hong Kong please feel free to contact our partner Chris Liem by email via: Chris.Liem@engelvoelkers.com

If you wish more information please contact us: socialmedia@engelvoelkers.com  

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