Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CBRE Expects HK Home Prices to Climb ~3% This Year, More Noticeable Hike Next Yr
Recommend 0 Positive 2 Negative 3 |
||||
|
||||
|
After the Rating and Valuation Department (RVD) announced the Private Residential Property Price Index for October, Eddie Kwok, Executive Director of CBRE Valuation & Advisory Services, Hong Kong, commented that the wealth effect entailed by the thriving Hong Kong stock market over the past year has prompted more buyers to actively enter the housing market, lifting property transaction volumes and stabilizing property prices. Since April this year, there have been over 1,600 first-hand residential transactions each month, he said. This sends an important message to the market: the peak of unsold inventory has been over, with the number of unsold units tapering off. Looking ahead, as the number of unsold units decreases by several thousand, developers have the conditions to further reduce incentives, thereby playing a role in stabilizing and increasing property prices. He expected that Hong Kong residential property prices will climb by about 3% in 2025, and that the market will continue to ascend in 2026, with an estimated increment of about 3-5%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
