Following J.P. Morgan Stanley (JPMorgan), JPMorgan Chase (JPMorgan) released a report yesterday, expecting Hong Kong property prices and rents to be under pressure this year
but I believe that market sentiment will recover from the second and third quarters Annual housing prices will fall by 10%, mainly due to the opportunity for the unemployment rate to rise, and the lagging effect will cause temporary negative emotions.
Retail rental value drops 20%
The report said that due to the abundant liquidity of the system, low interest rates, and the shortage of private housing land supply, the positive momentum of the residential market is expected to return in the second half of this year. The report said that mainland tourists ’confidence in Hong Kong has declined and China ’s policy of keeping consumption in the country is expected to see retail rents drop by 20% this year.
The report said that with the skyrocketing property prices in the past 10 years, the problem of affordability has become more obvious, and potential customers in the property market have narrowed
It is believed that “which real estate developer has done more for Hong Kong?” To make money from poor customers, they need to balance the interests of different stakeholders and maintain long-term growth.
Motorola predicts that office rents in Central will fall by 15% this year, while non-core areas will fall by 5% to 10%, but believes that these are lagging indicators. The key to the stock price of office owners’ shares lies in the leasing situation, and China’s PMI is a more suitable leading indicator.