Da Honghui closed the market, worried about political and economic risks Liang Shaohong: now is not a good opportunity to buy and sell
Affected by the Sino-US trade war and the political events in Hong Kong, the investment property market in Hong Kong has been sluggish. Liang Shaohong, founder and chairman of the senior investor Dahonghui Group, said that the market is suffering from two major problems and that it is not a good time to buy and sell property. Therefore, all the investment properties held by the company will not be sold, and the plan to invest in the property of the industrial and commercial shops will be put on hold.
Liang Shaohong pointed out that due to the Sino-US trade negotiations, the results are unclear and will affect Hong Kong’s economic situation in the long run. Coupled with the political problems that have emerged in recent months, political instability has brought about a great negative impact on the investment market. The desire to enter the market is low.
Long-term rent collection of property held
He believes that under the current market conditions, “the property is difficult to sell at a good price" is definitely not a good time to sell the property. Therefore, it is decided that all of its investment properties will be closed and not sold, including No. 2 to 12, D’Aguilar Street, Central. Shops A and B on the ground floor of Yee Fung Building, together with the basement complex and the 23 shops and office units that were sold last year, are all used for long-term rent collection.
Liang Shaohong also said that although the property that was previously sold was not lacking in enquiries, “but the buyer’s bid is ideal."
He expects that the United States will cut interest rates again, and the interest rate will be low in the future. The property can be used for long-term rent collection. In addition, the industry has strong ability to host goods, and buyers are cautious in entering the market. It is expected that the property investment market will be bought and sold in the second half of the year.
For the second half of the investment deployment, Liang Shaohong indicated that unless there are individual properties with a large discount to the market price, the purchase will not be entered. However, the sites that have been acquired in the past few years will still be further acquired to expand the scale of development.