Photo by Harry Shum via Pexels.
Homebuyer interest in HK up amidst rate cuts, policy incentives
Developers are launching new residential projects to capture demand.
Homebuyers are showing renewed interest in the residential market, following recent US Federal interest rate cuts and flexible housing measures announced in the policy address, according to CBRE.
Developers are actively responding by launching new residential projects to capture this demand, with an emphasis on increasing transaction volume over pushing prices higher. This aligns with CBRE's earlier forecast that primary sales are likely to rebound in the coming months.
Lower price levels and anticipated decrease in financing costs are also expected to attract yield-seeking investors, further supporting demand in the residential sector. CBRE forecasts a likely increase in secondary market transactions as well, driven by these favourable conditions.
According to the Land Registry, residential transactions in October saw a 64.9% increase month-on-month, reaching 4,697 units after five consecutive months of decline.
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