Peter Churchouse, Morgan Stanley's delphic oracle of the Hong Kong property market, has announced that he is to step down from running the bank's regional property research team. He will remain with the firm in the role of advisory director.
Churchouse joined Morgan Stanley in 1988 and has been a consistent bull on the Hong Kong property market. He has an iconic status among the local Hong Kong property watchers. Indeed when he was spotted buying a flat for his son at a new development in Hong Kong's mid-levels, the photo was splashed on the front pages of the local Chinese press. The prices at that development subsequently soared.
His appointment to advisory director shows...
