Residential Property

Home prices are expected to rise by a maximum of 3% in Q4.

A total of 7,875 transactions were recorded during the month.

This is the first time high-end residential rents saw an increase since 2019.

Total consideration for the sales amounted to $94b.

But loans approved increased 3%.

The growing confidence could be triggered by the improving pandemic situation.

The housing issue exposes two major problems in the city – income and asset disparity.

The Grade A office market is seen to record a net withdrawal in the second half. 

Total sales amounted to $92.6b during the month.

The median monthly rent of low-income households amounted to RMB5,000 (US$773).

The completion of Tuen Ma Line is expected to benefit home prices in the area.

Transactions rose 20% to 21,709 in the second quarter.

The Land Registry received 8,965 sale and purchase agreements during the month.

Hong Kongers movement out of the city will have minimal impact on prices.

This reflected a 4.3% month-on-month decrease.

This followed the luxury residential market’s 8.2% decline last year.