, ,

With incoming Chief Executive C.Y. Leung’s term commencing on July 1st, analysts and residents alike have been questioning what this could mean for Hong Kong’s property market. According to an article by CNBC, his administration’s commitment to pro-supply policies will lead to annual price growth halving from 5.2% to 2.6% over the course of the next decade. Nicole Wong, Regional Head of Property Research at CLSA, has stated that downward pressure on prices is likely to hit the market earlier than most people expect, while Paul Louie, Property Analyst at Nomura, offers the contrasting view, indicating that new supply will only be reflected in prices after 4 years due to the construction time associated with any new projects.

For more details, see http://www.cnbc.com/id/48068056/Are_the_Boom_Days_for_Hong_Kong_Property_Over

Do you have an opinion on how the new government will affect the property market? Let us know what you think.