132 view s

Residential market sales to grow 49% in Q1 2023

It will be backed by China reopening and reduction of AVD.

Improved buyers’ confidence will help raise the number of residential home sales, which will be affected by full reopening of the Hong Kong and China border, Cushman & Wakefield said.

The property expert said the transactions are expected to climb 50% to over 12,500 sales.

This will also be driven by Ad Valorem Stamp Duty reduction, which will accelerate project launches. 

In 2023, residential transaction numbers are expected to rise by 25%–35% year-on-year (YoY) and prices by 5% to 10% YoY.

Cushman & Wakefield’s Rosanna Tang said the reduction will benefit first-time home buyers for small-to-medium-sized properties below the $10m mark.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!