Hong Kong will see mainland developers provide 8 percent of the overall home supply over the next three years and peaking in 2018, as their participation in government tendered land sales increases, global real estate advisory firm Jones Lang LaSalle (JLL) predicts.
The Hong Kong Monetary Authority (HKMA) has defended the “dollar peg”, saying that the easing of the Hong Kong dollar against the US greenback, along with recent capital outflows, reflects normal workings in accordance with the design of the Linked Exchange Rate System (LERS).
Hong Kong's Mandatory Provident Fund (MPF) has achieved an annualized investment return of 3.1 percent in the 15 years since its launch, beating the average annual 1.8 percent inflation rate over the same period, according to the Mandatory Provident Fund Schemes Authority (MPFA).
Hong Kong people are less happy compared with peers in Osaka and Seoul. Housing-related problems, a slowing economy and political bickering are dragging ratings down, according to a City University of Hong Kong poll.
The Hong Kong government should consider a "super" tax deduction of 200 percent for company expenses relating to research and development, innovation, brand building and market development conducted in "Belt and Road" countries, an Australian professional accounting body has suggested.
The Hong Kong dollar will remain depressed in the short term, given that capital flight will likely continue with further US rate hikes and speculative attacks on the local currency on the horizon. But a pause in the US monetary tightening cycle later in the year is possible, a strategist at CLSA forecast.