Jin Wu Financial News | According to CCB International Development Research Report, the Chief Executive of Hong Kong has just announced the 2024 Policy Address, introducing population, economic and housing policies beneficial to the real estate industry. Although these incremental policies are limited in scope and may disappoint some market participants, the reality is that the Hong Kong government does not have much room for policy relaxation. Policy initiatives to attract talent and boost the economy may be the best the bank can expect. The bank believes that over time, these policies will have a positive impact on the real estate industry, particularly leaseholders such as Lingzhan that focus on community commercial retail, and developers with extensive experience in operating industrial parks, such as Sun Hung Kai Properties and China Resources Land.
The bank mentioned that although the Hong Kong government has limited policy space to directly stimulate the real estate market, the bank believes that the current flexible land supply policy and talent entry plan are in the right direction, which are all positive steps towards a healthier real estate market.
