Hong Kong Property Market

12.06.2013

The Emerging Trends in Real Estate Asia Pacific 2013 publication from Price Waterhouse Coopers and Urban Land Institute recently talked about property in Hong Kong, and we indicate three reasons why it is as interesting for you, as it is for us.

The two major proof points for Hong Kong property: affluent buyers and Asian economy steadiness.

These are not only the key factors for why our business is doing so well in the land of the deep harbour, but the reasons why you should be there, too.

The Emerging Trends in Real Estate Asia Pacific 2013 publication from Price Waterhouse Coopers and Urban Land Institute recently talked about property in Hong Kong, and we indicate three reasons why it is as interesting for you, as it is for us.

Luxury living and working is certainly the trend of the city, reflecting the broader trend for the region. What made Hong Kong stand out is the nature of “buoyant” and “aspirational” buyers and sellers in the luxury segment. As demonstrated in 37 countries around the world, that is our absolute area of expertise. Our partners in the Hong Kong shop not only share the tips on the trends, but also are being recognised regionally for their know-how:

Engel & Völkers Hong Kong recently won two awards from The Asia Pacific Property Awards 2013 – 2014. The Asia Pacific Property Awards are part of the esteemed International Property Awards, which celebrate the highest levels of achievement in the property and real estate industry.

This not only confirms the focus of luxury in the property market, as per our expertise, but also the priority of Hong Kong in the Asia Pacific region.

The Asian market, in light of recent Euro and North American fiscal uncertainty, has lived up to its reputation of being a tiger economy. Hong Kong in particular has been a driving factor: Its currency is the 8th most traded around the world and it has the greatest concentration of corporate headquarters in the Asia Pacific region.

The Emerging Trends in Real Estate Asia Pacific 2013 confirms this development, publishing that Asia is slated to be responsible for the major part of global economic growth at 64 per cent. China as the largest national entity is responsible for 40 per cent of global economic growth.

Engel & Völkers Hong Kong is the first Asian shop of the world’s leading real estate agency, which provides service in specialised luxury residential sales and leasing, and premium project marketing to vendors and landlords, purchasers and tenants. We are not only proud of the two awards from The Asia Pacific Property Awards 2013 – 2014, but see it as part of our long term commitment to the region. We were also voted in 2012 for Best of the Best on Mid-Levels West by Squarefoot and in 2011 for Best Property Agency for Mid-Levels and Central by GoHome. Engel & Völkers Hong Kong combines local market expertise, unparalleled global market knowledge and the resources to provide world-class service to its clients.

For more information about how you can be part of the exciting opportunities in Hong Kong, contact our experts here: Julia.Goerlich@engelvoelkers.com

By the way, did you know that with 81.6 years, life expectancy in Hong Kong is nearly 15 years higher than the worldwide average, according to the WHO? Also, the mean IQ in Hong Kong is 108, making it the smartest country in the world says British Psychology Professor Richard Lynn. No wonder our partner in Hong Kong Chris.Liem@engelvoelkers.com is so successful.

If you have a great story about your experience in Hong Kong, please share it with us on our facebook fanpage: www.facebook.com/engelandvoelkers

Source:
Emerging Trends in Real Estate Asia Pacific 2013. A publication from PwC and the Urban Land Institute.
Online: http://www.pwc.com/en_GX/gx/asset-management/emerging-trends-real-estate/assets/pwc-emerging-trends-in-real-estate-asia-pacific-2013.pdf

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