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Hong Kong Property Market Outlook 2022

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Measured yet steady market stabilisation in a year of continued recovery, renewal and reset

 
Despite continued disruption, Hong Kong’s economy saw a significant rebound and grew by 7% YOY in the first three quarters of 2021. 

In the context of renewed social distancing, we expect a more moderate start in Q1 2022, with momentum gathering pace from Q2 2022 onwards. It is anticipated that Hong Kong will continue its roadmap to recovery providing real estate stakeholders with an opportunity to evaluate their position to leverage the market and act.

Core highlights:

  • Overall office rent to recover by around 1% YOY with occupiers still seeking cost-effective real estate strategies, the opportunity to leverage vacancy in Central and flight-to-quality options
  • Industrial warehouse vacancy to remain low, with future supply expected to be limited in 2022. Several prime logistic centres are close to full-occupancy and landlords are looking to firm up their asking rents in 2022
  • Recovery for retail is hinging on the pandemic and borders re-opening. Local consumption will remain the key demand driver in the next 12 months
  • The investment market is seeing very strong pent-up demand and high liquidity. Overall investment volume to further pick by 15% in 2022, estimated at HK$84 billion

To discover more, talk to one of our experts or download the full report, today. 


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Hong Kong Property Market Outlook 2022

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Related Experts

Fiona Ngan

Head of Office Services

Office Services

Hong Kong

Fiona Ngan is the Head of Office Services and she has 26 years in this field and presently focuses on leading the Hong Kong and Kowloon Office team. Her strengths include project leasing and the provision of a board range of client services, particularly in Tenant Representations. She has extensive experience in business development, real estate strategic solutions and a range of consultancy services.

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Thomas Chak

Executive Director

Capital Markets & Investment Services

Hong Kong

AREA OF EXPERTISE
Being an award-winning industry specialist, Thomas is highly regarded amongst his peers and clients with over 18 years’ property investment experience. The key client focus of Capital Markets remains institutional clients, local investors and developers, family offices and private high net worth individuals as well as PRC inbound capital. 

PROFESSIONAL ACCOMPLISHMENTS

Thomas develops and fosters partnership and consultancy based approaches to clients, resulting in improved profitability through high client retention rates and improved business profile. 

BUSINESS AND EDUCATIONAL BACKGROUND

Thomas has joined Colliers as Executive Director of Capital Markets in July 2019. In a way, this is a homecoming for Thomas as he was with Colliers’ Capital Markets team between 2006 and 2008.  Prior to joining back Colliers, he was with Knight Frank as Senior Director of Capital Markets, where he completed transactions of over HK$8 billion.   

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Cynthia Ng

Executive Director | Head of Retail Services

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Cynthia Ng is an award-winning retail services veteran with more than 14 years’ experience.  Cynthia was educated in Sydney and holds a bachelor degree in Construction Economics (Quantity Surveying) from University of Technology, Sydney.  She started her career with major developers in Sydney and has spent the last 11 years in Hong Kong with global property agencies working across all key retail sectors and high-profile fashion, F&B and international FMCG brands.

As Executive Director of Retail Services, Cynthia leads the successful operation of the retail brokerage business, meeting the needs of the company and her clients, while cultivating a team with the best leasing advisory and negotiating skills.

Prior to joining Colliers, she worked in CBRE as Director of Hong Kong Retail, with a key focus on international brands entering and expanding in Hong Kong. In 2015 she won the ‘Excellence in retail services’ award from CBRE, recognising her achievements in business.

 

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Hannah Jeong

Head of Valuation & Advisory Services

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Hannah Jeong has extensive valuation & advisory services experience over 15 years including property investment and development projects specialising in valuation, development consultancy, financial analysis and feasibility studies. Project’s geographic coverage span across Asia Pacific and Middle East, in particular Hong Kong, China and Korea. She has started her career with Colliers since 2006 and is now heading our Valuation and Advisory Services - Hong Kong Office with over 40 professionals.

Hannah has strong client coverage on major financial institutions including global real estate funds and private equity firms.

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Rosanna Tang

Head of Research, Hong Kong & Greater Bay Area

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Rosanna Tang leads the research team in Hong Kong and South China in Colliers. Driving different research papers and client-orientated initiatives, Rosanna has a deep understanding of all property sectors, research products, and client requirements. Rosanna is also one of the spokespersons in the company, and she frequently speaks in different industry events and media interviews. 
 

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