{"id":17594,"date":"2024-03-22T14:41:54","date_gmt":"2024-03-22T06:41:54","guid":{"rendered":"https:\/\/vigers.com\/website\/?p=17594"},"modified":"2024-03-28T14:50:36","modified_gmt":"2024-03-28T06:50:36","slug":"hong-kong-monthly-digest-jan-2024","status":"publish","type":"post","link":"https:\/\/vigers.com\/website\/2024\/03\/22\/hong-kong-monthly-digest-jan-2024\/","title":{"rendered":"Hong Kong Monthly Digest &#8211; Janruary 2024"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243;][vc_column column_padding=&#8221;padding-5-percent&#8221; column_padding_position=&#8221;right&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap \" data-max-width=\"100%\"><div class=\"inner\"><img data-shadow=\"small_depth\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"587\" width=\"429\" data-animation=\"fade-in\" src=\"https:\/\/vigers.com\/website\/wp-content\/uploads\/2024\/03\/cover.jpg\" srcset=\"https:\/\/vigers.com\/website\/wp-content\/uploads\/2024\/03\/cover.jpg 429w, https:\/\/vigers.com\/website\/wp-content\/uploads\/2024\/03\/cover-219x300.jpg 219w\" sizes=\"100vw\" alt=\"\" \/><\/div><\/div>[\/vc_column][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]The residential market has continued to rally since October of last year. In January 2024, a total of 3,477 cases was registered for both primary and secondary markets, representing a 19% monthly increase. This marks the third consecutive monthly rise and a seven-month high.<\/p>\n<p>Of these, 2,474 cases were specifically for the second-hand market, indicating a 26% increase from a month earlier and a 5-month high. The ongoing strength has been in evidence since the announcement of the easing of the &#8216;spicy measures&#8217; in the 2023 Policy Address.<\/p>\n<p>In a high-interest-rate environment, investment sentiment in the property market remains subdued. The home price index has fallen for nine consecutive months, resulting in a cumulative drop of 13.5%, marking the longest downturn in more than 20 years. Since reaching its peak in September 2021, the home prices have fallen by 23%&#8230;&#8230;<\/p>\n[\/vc_column_text]<div class=\"divider-wrap\"><div style=\"height: 25px;\" class=\"divider\"><\/div><\/div>[vc_column_text el_class=&#8221;pdf_dl_text&#8221; css=&#8221;.vc_custom_1711608398824{margin-top: 20px !important;}&#8221;]Please click <strong><a href=\"https:\/\/vigers.com\/website\/wp-content\/uploads\/2024\/03\/HK_Monthly_Digest_-Jan_2024.pdf\" target=\"_blank\" rel=\"noopener\">HERE<\/a> <\/strong>to download the report.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"divider-wrap\"><div style=\"height: 25px;\" class=\"divider\"><\/div><\/div>[\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243;][vc_column column_padding=&#8221;padding-5-percent&#8221; column_padding_position=&#8221;right&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][\/vc_column][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]The residential market has&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/posts\/17594"}],"collection":[{"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/comments?post=17594"}],"version-history":[{"count":2,"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/posts\/17594\/revisions"}],"predecessor-version":[{"id":17604,"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/posts\/17594\/revisions\/17604"}],"wp:attachment":[{"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/media?parent=17594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/categories?post=17594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vigers.com\/website\/wp-json\/wp\/v2\/tags?post=17594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}