Chartering a course for homes owners

Property guru Nicholas Brooke says HK’s real estate is here to stay despite the ups and downs in the past few years. He tells why he thinks so.

Property Services advises families in Hong Kong and the region on their private portfolios.

“We advise several major corporations, including MTR Corp and CLP. We advise some Chinese mainland companies too, like Fosun.”

Brooke says the major issues facing Hong Kong’s residential market relate to affordability and supply.

The government is struggling to accelerate housing supply but, at the moment, the problem is that the market doesn’t believe the government can increase supply. Everybody wants to buy and people will not wait, so there’s a lot of pressure on prices. And now, indeed, it’s very difficult for the government to come up with more housing units, he says.