Hong Kong Property Sales
Property sales soar 97.1% MoM in March
March transactions posted a total consideration of $83.9b.
Property sales dropped in 2023
Sale and purchase agreements dropped 2.7% YoY in 2023.
Property sales drop 7.3% MoM in July
Year-on-year sales fell by 11.4%.
Property sales drop 9.6% MoM in June
Year-on-year sales increased by 24.1%.
Commercial property demand to ‘gradually strengthen’ in 2023: CBRE
In February, sales rose 23.4% MoM to 1,698 units.
Property sales soar 35.1% MoM in February
Year-on-year sales increased by 49.6%.
Developers to retain conservative pricing strategy for home prices: analyst
Demand has been focused on mass market projects.
Property sales decline 7.7% MoM in September
Total consideration for the month decreased by 62% MoM.
Property sales jump 4.8% in August
Compared to August 2021, however, sales were lower.
Property sales drop 49.8% YoY in July
There were only 4,997 units sold during the month.
Opening of new East Rail Line section to boost home prices
The extension of the East Rail Line will shorten travelling time for residents.
Property sales up 63.8% in May
However, it’s 11.3% lower compared to the previous year.
Commercial, residential properties worth $550m up for sale
The properties are up for public tender until 5 July at noon.
Hong Kong property sales down by 32.4% MoM in February
Total consideration for sale and purchase of properties also went down by 33.7% MoM.
Property sales sink 16.5% MoM in January
When compared to January 2021, sales dipped by 4.8%.
Property sales dip 6.8% YoY in December
Total agreements recorded for the month were only at 7,076.
Property sales drop 20% in August
A total of 7,875 transactions were recorded during the month.
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Commentary
Ginza-style commercial building in neighbourhood areas attracts local consumption