The 2014 Policy Address, announced on 15 January, highlighted the government’s aims to increase residential and commercial property supply. However, we expect such supply to remain tight in the short to medium term. How the government establishes and accelerates the implementation timeline and whether it will be able to maintain the momentum of enforcement will be the determining factors of success. The traditional January holiday season saw relatively low activity in the Grade-A office and residential sectors, while the retail market was robust with duplex shops continuing to be sought after.
Source : Knight Frank