Global real estate investors have been navigating a treacherous path, with many wondering where the markets will go next. In Hong Kong, interest rates have crushed home prices, sending some mortgages under water while its once jam-packed commercial real estate market struggles to fill space.

When might the real estate winds shift? Will rates carry property values higher or lower? Where are the risks and opportunities? And is it really different this time?

Veteran Hong Kong property consultant Peter Churchouse of Portwood Capital and senior property analyst Patrick Wong share their insights with co-hosts John Lee and Tom Corbett on Asia Centric from Bloomberg Intelligence.