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In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
After five consecutive weeks of decline, the Meilian real estate price Index has stabilized, with the confidence Index reporting 64.5 points, a decrease of 2.4% month-on-month.
"The Hong Kong Property Price Index" latest reports at 127.49 points, slightly rising by 0.02% month-on-month, stabilizing after five weeks of decline; however, compared to four weeks ago, the Hong Kong Property Price Index still dropped by 0.95%, and so far this year has recorded a decrease of about 0.5%.
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.
Private Home Completions in Hong Kong Rise 75% in 2024
CHUANG'S INT'L (00367) subsidiary obtained bank financing of 0.2 billion Hong Kong dollars.
CHUANG'S INT'L (00367) issued a notice that on January 24, 2025, the company (as guarantor) and its...
