CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress
- CEOs of major landlords and developers say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios
- While optimistic about Hong Kong’s future, executives say a talent shortage and ageing population are weighing on the market
The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities.
These priorities also come with an emphasis on sustainability by offering green services to customers, they said. High interest rates, a slowing economy, a lack of talent and Hong Kong’s ageing population are among key challenges as the industry seeks to overcome a slide in property prices.
While placing emphasis on serving the community, tenants, customers, staff, and shareholders, Wharf “will also prioritise maintaining a healthy balance sheet to take advantage of investment opportunities as they arise”, he said.
He also expresses confidence in the city’s future, though, and the property market as a whole. He highlighted Hong Kong’s unique advantages as a financial centre.
