Worst may be over for the region's real-estate market; after dismal '98, signs of relief emerge as interest rates fall and currencies stabilize
Article Abstract:
There are signs that the worst is over for Asia's real estate market, according to Jones Lang Wootton's Tim Bellman, Hong Kong-based regional head of research. The real estate glut, which is a legacy of the economic downturn in the region, is expected to continue in 1999. However, it will continue at a more manageable rate. In fact, Hong Kong has already made a quick adjustment starting 4th qtr 1998 due to falling interest rates and pent-up demand. Despite this, the recovery is not expected to be sustainable if the economy continues on its downward trend.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Recent wave belies outlook: problems build for Hong Kong property stocks
Article Abstract:
Investors in Hong Kong property stocks should beware of the possible effects of the recession on the real estate industry. While property stocks soared recently in response to international interest rate cuts, property investors should not ignore the recession undertow. There are fears that Hong Kong's economic downturn will pull property stocks back down, which were reinforced recently by the 9% drop in the Hang Seng Property Index.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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