Update: March, 11/2021 - 15:00 |
Residential market remained most active with total transactions rising by 69% y-o-y for January and February combined, and expected to jump by 73% y-o-y in Q1
Investment into non-residential properties continues pickup commencing in Q4 2020, with retail and industrial properties remaining most favoured
HONG KONG SAR - Media OutReach - 11 March 2021 - Strengthened market sentiment helped boost Hong Kong real estate market growth in Q1, unleashing pent-up demand and transactions in both residential and investment markets. The wealth effect was amplified by the stabilizing COVID-19 situation locally and the eagerly awaited roll-out of a vaccination program, both considered prerequisites for sustained economic recovery.
Home Prices Expected to Rise by 5% in Q2
Residential market remained most active with total transactions rising by 69% y-o-y for January and February combined, and expected to jump by 73% y-o-y in Q1
Investment into non-residential properties continues pickup commencing in Q4 2020, with retail and industrial properties remaining most favoured
HONG KONG SAR – Media OutReach – 11 March 2021 – Strengthened market sentiment helped boost Hong Kong real estate market growth in Q1, unleashing pent-up demand and transactions in both residential and investment markets. The wealth effect was amplified by the stabilizing COVID-19 situation locally and the eagerly awaited roll-out of a vaccination program, both considered prerequisites for sustained economic recovery.
Hong Kong shop owners seek higher prices after scrapping of double stamp duty
Buyers are also more willing to meet sellers at higher price points as cancelled duty lessens financial burden
Sales of non-residential units rose 30.6 per cent month on month in December