1. Market Research
  2. > Financial Services
  3. > Real Estate
  4. > Residential Real Estate Market Trends
Country Forecast Hong Kong August 2017 Updater

Country Forecast Hong Kong August 2017 Updater

  • August 2017
  • ID: 1698044
  • Format: PDF
  • The Economist Intelligence Unit


Table of Contents

Search Inside

  • The territory's new chief executive, Carrie Lam, was sworn in on July 1st. Her term will run until 2022. Ms Lam's prominent role in the previous government suggests that major divergences in policy are unlikely under her administration.
  • The Economist Intelligence Unit does not expect substantive electoral reform to make headway in the next five years. However, Ms Lam is likely to place more emphasis on improving education.
  • Ms Lam's government will continue the previous administration's efforts to reduce housing costs by promoting more construction of residential units. However, policy efforts will remain too timid to have much effect in 2017-21.
  • A failure to meet public expectations or present a convincing vision for Hong Kong's future role will sap support for Ms Lam's government and feed anti-China sentiment. This will boost the so-called localists in the opposition camp, who seek more self-determination for the territory. Their rise will put even more strain on relations between Hong Kong and the mainland-Chinese authorities. The central government's efforts to curb their participation in mainstream politics in Hong Kong will risk further radicalising the opposition.
  • The peg between the Hong Kong dollar and the US dollar will be maintained in 2017-21, at a rate of around HK$7.8:US$1. However, in the longer run the local currency will eventually be pegged instead to the renminbi, reflecting deepening financial and political links with the Chinese mainland.
  • The budget surplus will fall in fiscal years 2017/18-2018/19 (April-March) as a decline in property prices drives down the volume and price of land sales, reducing government revenue. Accelerating economic growth will support higher fiscal surpluses in 2019/20-2021/22.
  • Improving external demand conditions will help the economy to grow by 3% in 2017. A sharper economic slowdown in China in 2018 and a short, cyclical recession in the US in 2019 will subdue growth in Hong Kong's exports to those countries. This, coupled with a local property market downturn in 2018, will ensure that average annual economic growth in 2017-21 remains modest, at 2.7%.
  • A weaker Chinese renminbi will depress the value of local imports in 2017-18, resulting in a smaller merchandise trade deficit. This effect will be reversed in 2020-21. The widening of the goods trade deficit will see the current-account surplus fall from the equivalent of 6.2% of GDP in 2018 to 0.9% in 2021.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Poland PESTLE Insights - A Macroeconomic Outlook Report, GlobalData

  • $ 500
  • September 2021
  • 46 pages

Poland PESTLE Insights - A Macroeconomic Outlook Report Summary Mining, manufacturing and utilities contributed 25.1% to the gross value added (GVA) in 2020, followed by wholesale, retail and hotels (18.9%) ...

  • Poland
  • Housing
  • Pollution Control
  • Country analysis
  • Real Gross Domestic Product
  • Unemployment Rate


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on