The Hong Kong residential market continues to experience a slowdown as the high interest rates persistently weigh on the market. A total of 7,606 cases was recorded in Q4, representing a 17% q-o-q decrease. Among them, the sales of new homes saw a substantial 26% q-o-q decrease to 1,862 while the secondary market saw 5,744 transactions, fell by 14% from Q3.
Housing prices continue to face downward pressure due to the cost of residential buying under high interest rate environment, leading to an increasing demand for rental housing. Overall home price index fell……
Please click HERE to download the report.