market outlook: hong kong property market can expect positive growth in 2021.

As countries become more prepared to deal with the COVID-19 pandemic and positive progress are observed in potential vaccines, the Hong Kong SAR property industry can expect positive growth in 2021. The Hong Kong Growth Portfolio launched in September 2020 is a US$2.9 billion investment fund that is precisely aimed at broadening the investment horizon in the construction space.

Local property companies have stepped up on implementing new measures to prevent further local transmissions of COVID-19. For example, more property developers in Hong Kong SAR are investing in new technologies such as automatic temperature control and building management system software.

Firms are also looking for specialists who are able to create a one-stop solution via building management software as well as an integrated and user-friendly e-system for both residential and commercial buildings for contact tracing purposes.

Hong Kong’s property companies tend to have a higher expectation of candidates’ skills and capabilities. Job seekers in facility management need to demonstrate good thinking and communication skills in response to the healthcare crisis. Not only must applicants have a pulse on new property technologies and trends, they are also required to manage the end-to-end process, which includes customer service and tenant management.

2021 labour and salary trends for professionals in property

Job seekers tend to have a strong preference for companies that have a strong financial track record and legacy in Hong Kong SAR. These indicators help create a mental safety net for employees who seek job and income stability, which have become more critical drivers in these extraordinary times.

As Hong Kong SAR works relentlessly towards a strong economic recovery following the local unrest and COVID-19 pandemic, employees are advised to maintain a conservative expectation on salary and bonus in 2021. Employees who have chosen to stay with their employers for better job security can expect a 0% to 3% salary increase. Those who switch employers can expect to receive approximately 5% to 10% salary increment.

download the digital copy of the hong kong SAR 2021 market outlook and salary snapshot

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key highlights in the property industry outlook in 2021

  • evolution of job responsibilities and required skills for property industry in Hong Kong in 2021.
  • anticipated job mobility of professionals across industries and different levels of seniority.
  • salary snapshots for more than 70 different property jobs.

read more on 2021 talent trends in hong kong in other industries:

If finding exceptional talent for your business is a key challenge or if you want to take your workforce ready for the future of work, please get in touch with us. You can also check our key areas of expertise in property recruitment.