Hong Kong Monthly Digest – October 2023

Due to the elevated uncertainties cloud global economic outlook, coupled with the wait-and-see sentiment, only 2,123 cases was recorded in October, marking a decrease of 26% over the month ago. Among them, 1,767 cases were specifically for the secondary market, indicating a 7% decrease from a month earlier. The number of deals in the primary market with only 356 transactions registered in October, representing a significant drop of 63% m-o-m.

The home price index swiftly dropped to 321.4 pts in October, representing a decline of 2.16% month-on-month and reaching a 79-month (6.5-year) low……

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