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  • Sharp fall in retail property demand continues for Hong Kong, outlook remains gloomy for commercial property market

    The commercial real estate community is predicting grim conditions for Hong Kong’s property sector over the next year. The Global Commercial Property Monitor released quarterly by RICS (Royal Institution of Chartered Surveyors) revealed troubling Q1 2016 statistics. Survey respondents expressed a negative sentiment for the coming 12-month period, although the poor outlook is concentrated in the retail sector. The RICS Occupier Sentiment Index (OSI) is at -24. The OSI constructed by taking an unweighted average of readings for three series relating to the occupier market.

  • EU referendum: The economic challenges ahead

    The “single market” experience for the UK since joining the European Economic Community in 1973 has, by and large, been a positive one. Enhanced product market competition has led to a decrease in the mark-up ratio in manufacturing from 38% to 28%, price dispersion has fallen significantly, and a rise in business innovation has lifted aggregate productivity and real wages.

  • EU Referendum: what it could mean for construction

    The potential stalling of UK-bound investment from external groups has been felt; uncertainty has put a stopper on some investment decisions, and this has negatively affected the construction sector. However, investor confidence is not the only element of the debate that could affect construction.