Pursuits
Hong Kong Domestic Demand for Property Seen Countering Declines in China
- Deutsche Bank, CBRE economists among those seeing muted impact
- Property market in Hong Kong to be helped by healthy borrowers
Pedestrians walk near residential buildings in the Sha Tin area of Hong Kong, China.
Photographer: Jerome Favre/BloombergThis article is for subscribers only.
China’s economy is slowing and stocks are crashing. The Federal Reserve is poised to raise rates, and Hong Kong’s de-facto central bank is warning about “uncertainty” in the city’s all-important housing market, where transactions plunged last month.
So what does it all mean for real estate prices in the former British colony? The answer, according to Michael Spencer, Asian chief economist at Deutsche Bank AG: Not much.