Event

Property Committee Presents: Now the Dust has Settled

February 15, 2017, 12:30-14:00


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About the Event
 
Asia Pacific commercial property markets look mostly healthy, reflecting continuing firm economic growth and financial stabilisation in China, improving growth in Hong Kong, strong conditions in Australia and bright long-run prospects in India. This is the background to firm investment demand across much of the region. However, prospects for Asia Pacific are clouded by the upturn in US interest rates and the beginning of a new administration. An expansionary scenario for the US under the new administration looks plausible in the short term, with taxes falling but inflation and interest rates rising and the US dollar staying strong.

Over the medium term, Hong Kong’s economic performance will continue to improve with the decline of China’s GDP growth rate stabilising. However, a faster than expected US growth would put pressure on the residential property value with rising interest rates will bring closer the end of the negative real interest rates in Hong Kong. Office property market is expected to continue attract new investment, particularly with Mainland investors who are looking for a simple method to hedge against RMB depreciation. Retail property is set for a rebound with we expect the total retail sales to hit the bottom in 2017. Overall, the Hong Kong property market is getting more stratified as Government policies, investment sentiment, and supply and demand factors have a more significant impact on specific sectors of the property market than the others.

Please join our Lunch Briefing on15 Februaryto hear Colliers’ interpretation of medium-term prospects for Hong Kong property markets in the light of the recent economic and political developments in the Asia Pacific region and North America
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About the Speakers
Daniel Shih
Director, Research, Hong Kong, Colliers


Daniel is the head of Hong Kong research for Colliers International. He has 20 years of experience in property research, urban planning, and economic consultancies studies. He had worked on large scale master development projects in Asia, across different sectors and regions.In his previous role at AECOM, Daniel spear-headed an 80-strong economic development consultancy team that undertook various studies of cities that are resilient, sustainable and liveable.
 
Nigel Smith
Managing Director, Colliers International Hong Kong


Nigel Smith is the Managing Director of Colliers International’s Hong Kong Office. With over 28 years of experience, Nigel is a specialist in office marketing, leasing and design. Based in Hong Kong since 1990, Nigel has been responsible for the formulation of many project driven solutions which have assisted developers to achieve their real estate goals. Having represented over 100 Grade A pure office and mixed use developments, in recent years Nigel has gained recognition as a specialist in the design, branding, marketing and leasing of “Tall Buildings” such as TAIPEI 101, 2IFC and ICC Hong Kong, Ping An IFC Shenzhen and China World Tower Beijing.

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