Photo by jet dela cruz on Unsplash

Home prices to bottom out in September or October: C&W

In the first seven months of 2022, prices fell 4.5% YoY.

Despite an expected peak of cases in September, Cushman & Wakefield said home prices could potentially bottom out in the same month, or in October.

This is because there have been price corrections across multiple market segments in the first seven months of the year, said C&W Hong Kong’s Senior Director for Valuation and Advisory, Edgar Lai.

“The latest government figures indicate that overall residential prices have recorded a decline for the year-to-date, falling 4.5% in the first seven months.  At City One Shatin, a proxy for smaller lump sum units, prices experienced a notable drop of 7.1% QoQ, while Taikoo Shing, representing the mid-price market, fell by 4.1% QoQ,” Lai said.

“Prices in the luxury segment, such as Residence Bel-Air, held up relatively well with a more modest 2.1% decline QoQ, as luxury property owners have stronger holding power and are less impacted by the external market,” he added.

For the full year, C&W expects residential prices to drop by around 5% YoY to 8% YoY.

READ MORE: Residential sales in July dampened by rate hikes

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


‘Wall-less’ office tears down barriers to collaboration amongst AnyMind’s creatives
The office opens up for employees to collaborate, relax, feed off one another’s energy, and enjoy ‘happy hour’ and ‘mental space.’
Auction houses thrive on Asian millennials’ art-buying power
Millennials are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs Hong Kong and Singapore.
Hong Kong’s livi bank launches game-changing app for SMEs
Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.