No results found

Spacious CEO Asif Ghafoor Spoke to Bloomberg TV on How Coronavirus Impacts Hong Kong Property

Hong Kong Property | March 5, 2020

#hot-news #spacious-news

Our Founder and CEO, Asif Ghafoor, spoke to Bloomberg this morning about what the latest Spacious data is showing on how the coronavirus is impacting Hong Kong property.

Watch the video now on Bloomberg TV:

https://www.bloomberg.com/news/videos/2020-03-05/assessing-the-health-of-hong-kong-s-property-market-video

Watch the video to find out what kind of rental and sale discounts can be achieved with the market outlook for the year ahead for both sales and rentals.

Summary:

The period between Chinese New Year and early February saw a lot of volatility and some panic as the scope of the coronavirus was very unclear.
In general, rental prices down 5-6% since last summer, back to where they were 2 years ago.
Sale market outlook for the near term will depend on the coronavirus trends and the potential return of social unrest. In the long term, Hong Kong property should prove to be resilient given healthy fundamentals and strong recoveries experienced following previous downturns.
The shift from offline to online is accelerating as people want to be able to search for the things they want from the comfort and safety of their homes.
Spacious is seeing more and more agents adopt an online-only strategy as searchers stay home, walk-ins decline.

Watch the video now on Bloomberg TV:

https://www.bloomberg.com/news/videos/2020-03-05/assessing-the-health-of-hong-kong-s-property-market-video

#hot-news #spacious-news

Extend Reading

No results found

Table of Contents

Recommended Articles

Hong Kong Property | November 4, 2016

Two Kai Tak New Projects Ready For Sale, Site Deal Heats Up The Latitude Transactions

Two Kai Tak New Projects Ready For Sale Two new projects in Kai Tak area, One Kai Tak Phase 2 and K. City, were issued Consent to Sell yesterday, providing over 1,500 flats for the district. Both of their developers urge to start the sale within November. One Kai Tak Phase 2 will again be restricted by the “Hong Kong […]

#headline #hot-news #hot-news headline #market #market-news #news #spacious-news

Hong Kong Property | June 6, 2017

6/6 News Roundup: Chan Refused to Scale Back Property Cooling Measures, Martin Lee Doesn’t See Market Bubble

Chan Refused to Scale Back Property Cooling Measures Property cooling measures will not be scaled back, Financial Secretary Paul Chan Mo-po says, adding the move may be misinterpreted as a government effort to boost the overheated home market. Speaking at the Legislative Council, Chan also warned that there are risks for people who borrow titles of friends and relatives to […]

#government #hot-news #spacious-news #tax

Hong Kong Property | February 3, 2017

2/3 News Roundup: HIBOR Unlikely to Follow US Rate's Hike, Island Garden Launched 50 Flats with Extra Discount

HIBOR Unlikely to Follow US Rate’s Hike The US Federal Reserve held interest rates unchanged in its first meeting since US President Donald Trump took office. Hong Kong Monetary Authority has reminded local banks, corporations and individuals “to remain vigilant and manage risks prudently” as the gradual normalization of US interest rates may affect global capital flows, exchange rates and […]