Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

Real Interest Rate Plays a Key Role in Hong Kong Residential Property Market

Hong Kong Property Market: Change of Land Use

Hong Kong Property: In Need Of A Good Story

Hong Kong: Stamp Duties Axed; Mortgage Rules Relaxed

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

Thematic (Sector/Industry)

Hong kong Real estate / Thematic (Sector/Industry)

<ul>
<li>Hong Kong property sector is undergoing a holistic depression in all sectors including residential, commercial, and retail space.</li>
<li>The RVD residential property price index has dropped by around 25% peak-to-trough. The commercial and retail space has also witnessed similar retreats in recent years.</li>
<li>Outflow of citizens, northward spending trend, and exodus of foreign companies each contributes the decline in their respective sectors. It will hurt consumption as the wealth effect hit the economy.</li>
</ul>


Hong Kong property sector is undergoing a holistic depression in all sectors including residential, commercial, and retail space.
The RVD residential property price index has dropped by around 25% peak-to-trough. The commercial and retail space has also witnessed similar retreats in recent years.
Outflow of citizens, northward spending trend, and exodus of foreign companies each contributes the decline in their respective sectors. It will hurt consumption as the wealth effect hit the economy.


Holistic Depression in Hong Kong Property Sector