Why Some Companies Are Bound to Fail : A Case in Point from Hong Kong Real Estate
By HK Lawyer AJ Halkes Barrister-at-Law
Walking past a real estate agent’s window in Hong Kong’s cosmopolitan Mid-Levels, I was struck by something baffling. Every listing in the display was written exclusively in Chinese characters. In one of the most international cities in the world, this approach is nothing short of absurd. It’s a market-limiting move that ignores a significant segment of potential buyers—expats, overseas Hongkongers, and others who might not read Chinese but certainly have the means to buy and walk by daily.
It’s a curious strategy, especially given the current state of Hong Kong’s property market, you’d think real estate agents would want to reach the most possible buyers? Despite recent challenges and some doom-and-gloom narratives, Mid-Levels residential prices seem to have hit a bit of a floor. Bank valuations may still be low, but they’re also not far off asking prices; something rare for Hong Kong.
The city’s real estate landscape is shifting. Viable street-level commercial spaces are being snapped up by operators and seasoned investors, signalling a potential turnaround and we now see operators bidding against each other for the best sites (who says only landlords push prices up?). Residential properties in prime areas like the Mid-Levels—offering unmatched access to both city life and nature—are also now becoming increasingly attractive as returning to the office is being accelerated.
So is it the perfect moment to invest in quality Hong Kong real estate? That’s a brave call. But when you consider the unique opportunities this city offers in lifestyle terms and within the Greater Bay Area; it’s hard to argue against the value it holds.
Failing to advertise in Chinese and English is unfathomable.
If you need input regarding a strategic Hong Kong challenge or related legal matters in the HKSAR you can always DM me and check out https://lnkd.in/gq-_jtYy
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