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Colliers Radar | Hong Kong Market Outlook 2023

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Opportunities for a recovering market

After three years of business disruption and stringent anti-COVID measures, Hong Kong SAR finally has an opportunity to deliver uninterrupted recovery in 2023. This gives Hong Kong’s real estate market reason to be cautiously optimistic across both the leasing and investment sectors.

It is expected that the city will return normal in Q1, but real estate stakeholders need to contend with ongoing challenges, such as global inflation, further interest rate rises and currency volatility. Furthermore, we believe global geopolitical tension and a potential global recession will continue to create global macroeconomic risks.

Key highlights

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Colliers Radar | Hong Kong Market Outlook 2023

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Related Experts

CK Lau

Managing Director | Hong Kong & Managing Director | Asia CVAS

Managing Director's Office | Hong Kong

Hong Kong

CK Lau is the Managing Director | Hong Kong and also leads the Valuation & Advisory Services business as Managing Director | Asia.  He has over 30 years’ property experience in valuation, real estate consultancy and investment sales in Hong Kong, mainland China and the Asian region. 

His expertise includes development consultancy; government lease modification application and premium negotiations; investment and development sites sales; litigation valuation advice and expert witness in the High Court/Lands Tribunal/arbitration; portfolio valuations; REIT property advice; rental determination; and valuation due diligence services.

He writes regularly on topics relating to land use and development in Hong Kong since 2010. His collection of over 200 articles in the Hong Kong Economic Journal and other publications can be viewed through the following link:

CK is also a member in the following publications:

• “The HKIS Valuation Standards 2017 & 2020”

• “HKIS Guidance Notes on Valuation of Development Land” published in 2016

• “Surveyors acting as experts in commercial rent determinations” Joint guidance note Hong Kong prepared by the HKIS and RICS Hong Kong” 1st edition 2015


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Kathy Lee

Senior Director | Head of Research


Hong Kong

Kathy is an industry-leading expert with over 18 years of experience in property research, retail advisory and town planning consultancy in Hong Kong.

As the Head of Research, Kathy has three areas of focus: to build a leading real estate database, develop leading insights and recommendations, and lead the conversation around the core real estate sectors.  

She has led multiple retail planning projects and advised a diverse range of developers, government entities and international retailer clients in both domestic and international markets. 


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