{"id":6548,"date":"2020-03-05T13:41:51","date_gmt":"2020-03-05T05:41:51","guid":{"rendered":"https:\/\/www.spacious.hk\/en\/blog\/?p=6548"},"modified":"2023-11-03T17:23:54","modified_gmt":"2023-11-03T09:23:54","slug":"spacious-on-bloomberg-tv-coronavirus-property","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/spacious-on-bloomberg-tv-coronavirus-property","title":{"rendered":"Spacious CEO Asif Ghafoor Spoke to Bloomberg TV on How Coronavirus Impacts Hong Kong Property"},"content":{"rendered":"\n<p>Our Founder and CEO, Asif Ghafoor, spoke to Bloomberg this morning about what the latest Spacious data is showing on how the coronavirus is impacting Hong Kong property.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\"><strong><a aria-label=\"Watch the video on Bloomberg TV (opens in a new tab)\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video\" target=\"_blank\" rel=\"noreferrer noopener\">Watch the video now on Bloomberg TV<\/a>: <br><\/strong><br><a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>Watch the video to find out what kind of rental and sale discounts can be achieved with the market outlook for the year ahead for both sales and rentals.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><font color=\"#1d3960\">Summary:<\/font><\/strong><\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The period between Chinese New Year and early February saw<strong> a lot of volatility <\/strong>and some panic as the scope of the coronavirus was very unclear.<br><\/li>\n\n\n\n<li>In general, <strong>rental prices down 5-6%<\/strong> since last summer, back to where they were&nbsp;2 years ago.<br><\/li>\n\n\n\n<li>Sale market outlook for the near term will depend on the coronavirus trends and the potential return of social unrest. In the long term, Hong Kong property should <strong>prove to be resilient<\/strong> given healthy fundamentals and strong recoveries experienced following previous downturns.<br><\/li>\n\n\n\n<li>The <strong>shift from offline to online<\/strong> is accelerating as people want to be able to search for the things they want from the comfort and safety of their homes.<br><\/li>\n\n\n\n<li>Spacious is seeing more and more agents adopt an <strong>online-only strategy<\/strong> as searchers stay home, walk-ins decline.<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\"><strong><a aria-label=\"Watch the video on Bloomberg TV (opens in a new tab)\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video\" target=\"_blank\" rel=\"noreferrer noopener\">Watch the video now on Bloomberg TV<\/a>: <br><\/strong><br><a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Founder and CEO, Asif Ghafoor, spoke to Bloomberg this morning about what the latest Spacious data is showing on how the coronavirus is impacting Hong Kong property. Watch the video now on Bloomberg TV: https:\/\/www.bloomberg.com\/news\/videos\/2020-03-05\/assessing-the-health-of-hong-kong-s-property-market-video Watch the video to find out what kind of rental and sale discounts can be achieved with the market outlook for the year ahead [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":6567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[68,67],"class_list":["post-6548","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-hot-news","tag-spacious-news"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/6548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/comments?post=6548"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/6548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/6567"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=6548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=6548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=6548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}