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Hong Kong's financial budget proposal is expected to bring positive news, leading to a new round of rising waves in the real estate market.
The Chief Executive of the Residential Division of Midland Realty, Bu Shaoming, stated that the market is looking forward to Hong Kong's new Budget.
S&P: It is expected that the rental prices for Class A office buildings in Hong Kong will decline by 8-10% this year.
Standard & Poor's published a report stating that office rents in Hong Kong are expected to continue declining this year, and valuations will follow suit. Major real estate developers holding Grade A office properties will face the impact of property valuation adjustments.
Hong Kong property: It is anticipated that property prices and rents in Hong Kong will rise by 5% in 2025.
The CEO of Hong Kong Properties, Ma Tai-yang, indicated a cautious yet optimistic outlook for this year's Hong Kong property market.
Major Bank Ratings | HAITONG INT'L: There will still be no significant oversupply of Hong Kong residential properties in the next ten years. Bullish on SINO LAND and HENDERSON LAND.
HAITONG INT'L issued a research report stating that last year the transaction amount of residential properties in Hong Kong reached 454 billion HKD, equivalent to 62% of the 2021 level. Last year's Volume increased by 22% and 23% compared to the same period in 2022 and 2023, respectively. The bank believes that the USA's interest rate cuts stabilized the Volume of residential transactions in Hong Kong, while this year's Volume may slightly decline due to last year's high base and loose policies. HAITONG INT'L believes a vacancy rate between 5% to 10% is reasonable and according to calculations, Hong Kong's 0.078 million new vacant units will raise the vacancy rate from 4% to 10%. Assuming half of these units come from private.
Private Home Completions in Hong Kong Rise 75% in 2024
Market Chatter: Henderson Land Sees Higher Sales With Inflow of Skilled Workers, Lower Mortgage
