hong kong residential market

Mortgage loans in Hong Kong drops by nearly 10% in December

Loans stood at HK$25.6b during the month, the Monetary Authority reported.

Home price index slips by over 2% in December 2022

Price index stood at 332.5, the Rating and Valuation Department reported.

‘Subdued’ market sentiment speeds up home prices decline: report

Mass residential capital values dropped by 3.1% MoM in December, JLL said.

First-hand, second-hand residential transactions to hit new low in 2022

Transactions will reach between 48,000 to 53,000 in 2023 from 45,000 in 2022.

Residential transaction volume drops in October amidst wondering economy

Units sold in the primary and secondary markets were at 672 and 2,476, respectively.

Residential property prices to fall up to 10% lower in 2023: S&P

The office property market’s vacancy rate is also not expected to improve.

Why it’s time for the gov’t to remove cooling measures in the housing market

JLL said residential sales in the last nine months have dropped to its lowest level in 20 years.

Residential sales jump 12.7% MoM in August

JLL attributed the increase to the handful of primary projects launched during the month.

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

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

Residential sales in July dampened by rate hikes

The average mortgage rate reached 2.5% by the end of the month.

Super luxury homes sustain demand but sales remain weak

Record luxury property transactions have boosted confidence in the market. 

Residential sales volume to increase by 48% QoQ in Q2

The market is being driven by buyers looking for upgrading options.