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

Hong Kong Property Market: Change of Land Use

Hong Kong Property: In Need Of A Good Story

Hong Kong Residential – the XRL Opening Effect

Holistic Depression in Hong Kong Property Sector

Fortress Hill Advisors

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

Premium Economic & Investment Research

Macroeconomics

<ul>
<li>Negative real interest rate had been associated with booming residential property prices in Hong Kong from 2008 to 2021 </li>
<li>However the party is over as Hong Kong interest rate moves up following ups in Fed Fund Rate due to Linked Exchange Rate System.</li>
<li>Residential prices rise 250% during the negative real interest rate period of 2008 to 2021, and are down 22.5% immediately during the real interest rate hike in 2022 to 2023.</li>
</ul>


Negative real interest rate had been associated with booming residential property prices in Hong Kong from 2008 to 2021 
However the party is over as Hong Kong interest rate moves up following ups in Fed Fund Rate due to Linked Exchange Rate System.
Residential prices rise 250% during the negative real interest rate period of 2008 to 2021, and are down 22.5% immediately during the real interest rate hike in 2022 to 2023.


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