Hong Kong’s Property Market Has Always Been Sentiment Driven, Says Colliers’s Shih

The video discusses the dynamics of Hong Kong's housing market, highlighting its sentiment-driven nature and the impact of external factors like interest rates and land supply. It explores how high housing prices and protests affect the residential and retail sectors. The video also examines the tourism sector's influence on retail sales, noting a shift towards domestic consumption and the decoupling of prime and decentralized retail centers.

How has the trend of retail sales changed in relation to tourism in Hong Kong?

What does the text suggest about the future of domestic consumption in Hong Kong?