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1. www.cbre.com.hk › insights › articlesHong Kong Home Prices, One of the Highest in the World ... - CBRE

   www.cbre.com.hk › insights › articles

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   Aug 26, 2024 · We expect Hong Kong’s home prices continue to fall during H2 2024, with a forecast of 5-10% decline for the entire year. In terms of rental market, residential rent went up by 1.6% in H1 2024 according to the data from Rating and Valuation department. In 2023, residential rent grew by 6.0%.

2. www.straitstimes.com › asia › east-asiaHK property on track for highest sales in at least 13 months ...

   www.straitstimes.com › asia › east-asia

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   Apr 25, 2024 · Buyers of homes under HK$30 million (S$5.2 million) can now obtain 70 per cent of mortgage financing, from 60 per cent previously. April’s strong sales follow transactions hitting a 10-month...

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     World Business Watch: Hong Kong property market tumbling as unsold homes pile up | English News

     Oct 11, 2022

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     World Business Watch | Goldman Sachs: Hong Kong home prices could fall 30% by 2023 end | WION News

     Oct 6, 2022

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     Why is Hong Kong housing so expensive?

     Jan 26, 2024

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4. www.globalpropertyguide.com › asia › hong-kongHong Kong’s housing market conditions continue to deteriorate

   www.globalpropertyguide.com › asia › hong-kong

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   Hong Kong’s house price annual change Demand continues to fall. During 2023, the number of property transactions in Hong Kong dropped 4.5% y-o-y to 43,002 units, following a huge 39.4% fall in 2022, according to the RVD.

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5. www.ft.com › content › 884cc30c-5326-4db5-ba0c-bf9fThe painful slump in Hong Kong property - Financial Times

   www.ft.com › content › 884cc30c-5326-4db5-ba0c-bf9f

   May 8, 2024 · Hong Kong has seen property market crashes before — residential prices more than halved after the Asian financial crisis in the late 1990s, for instance. But they have invariably bounced...

6. www.bnnbloomberg.ca › business › internationalHong Kong’s Rising Home Sales Still Face Economic Headwinds

   www.bnnbloomberg.ca › business › international

   Oct 28, 2024 · Prices of second-hand transactions rose 0.5% in the week of the policy address, according to Centaline data. But property agents are skeptical on whether this growth will last. Despite the short-term improvement, Hong Kong faces challenges head, with high borrowing costs and poor economic sentiment are deterring more people from buying.

   • Author: Krystal Chia

7. www.scmp.com › special-reports › articleHow the Hong Kong property market is bouncing back in 2024

   www.scmp.com › special-reports › article

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   Jul 24, 2024 · Hong Kong’s property market, hit by years of high interest rates and weak demand, may be showing some signs of recovery, thanks to government measures like abolishing stamp duties and easing...

8. People also ask

   Why was Hong Kong's residential market sluggish in 2023?

   • According to global property consultant JLL, Hong Kong's residential market turned more sluggish in the second half of 2023 as buyers are cautious amid rising interest rates and the challenging external environment. Mass residential saw a decline of 3.1% in capital values as of November 2023, bringing them back to the price level of March 2017.

   Hong Kong's Residential Property Market Faces More Challenges in 2024

   www.worldpropertyjournal.com/real-estate-news/hong-kong/hong-kong-real-estate-news-2024-hong-kong-property-market-predictions-jll-hong-kong-property-market-forecast-for-2024-hong-kong-home-sales-predictions-13978.php

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   How did Hong Kong's residential property price index perform in Q1 2024?

   • Hong Kong’s residential property price index fell sharply by 13.2% in Q1 2024 from the same period last year, its ninth consecutive quarter of year-on-year decline, according to data released by the Ratings and Valuation Department (RVD). It was its third biggest year-on-year fall in the past two decades.

   Hong Kong’s housing market conditions continue to deteriorate

   www.globalpropertyguide.com/asia/hong-kong/price-history

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   How did Hong Kong's property market perform in 2022?

   • Likewise, total transaction values increased by 16.3% to HK$127.63 billion (US$16.34 billion), following a huge fall of 52.5% in the prior year. Secondary market property sales fell by 7.2% to 32,250 units last year, after plunging by 38.7% y-o-y in 2022.

   Hong Kong’s housing market conditions continue to deteriorate

   www.globalpropertyguide.com/asia/hong-kong/price-history

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   Will Hong Kong's real estate market bounce back?

   • Hong Kong has seen property market crashes before — residential prices more than halved after the Asian financial crisis in the late 1990s, for instance. But they have invariably bounced back, often spectacularly so. Some real estate experts fear things may be different this time around.

   The painful slump in Hong Kong property - Financial Times

   www.ft.com/content/884cc30c-5326-4db5-ba0c-bf9f1572234f

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   Will Hong Kong's housing market continue a downward trend?

   • The downward trend looks set to continue, with the US Federal Reserve reluctant to lower interest rates for now and Hong Kong developers due to release more units for sale in the coming months. Property consultancy JLL Hong Kong has estimated that more than 20,000 new flats remain unsold in the market.

   HK property on track for highest sales in at least 13 months, but

   www.straitstimes.com/asia/east-asia/hk-property-on-track-for-highest-sales-in-at-least-13-months-but-prices-still-falling

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   How did property prices change in Hong Kong in Q1 2024?

   • When adjusted for inflation, residential property prices were down by 14.9% over the same period. Variations in price movements per property size and region: Apartments with sizes bigger than 160 sq. m: prices fell by 4.8% y-o-y to HK$219,438 (US$28,088) per sq. m. in Q1 2024. Hong Kong’s house price annual change Demand continues to fall.

   Hong Kong’s housing market conditions continue to deteriorate

   www.globalpropertyguide.com/asia/hong-kong/price-history

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9. www.worldpropertyjournal.com › real-estate-newsHong Kong's Residential Property Market Faces More Challenges ...

   www.worldpropertyjournal.com › real-estate-news

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   Dec 13, 2023 · According to global property consultant JLL, Hong Kong's residential market turned more sluggish in the second half of 2023 as buyers are cautious amid rising interest rates and the challenging external environment.