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Hong Kong Monthly Review and Commentary on Hong Kong's Property Market February 2017

MARKET HIGHLIGHTS

The Hong Kong Island market was active even during the holiday season last month with tenants acting fast to compete for scare space.

 The stamp duty rate rise and seasonal effect were a further drag on home sales volume in January, but prices remained stable. In the first quarter we expect to see a comeback in the launch of first-hand flats.

Visitor arrivals have increased year on year for two consecutive months. The market is expected to bottom during the first quarter of 2017 as it establishes a new normal.

hkmonthlyfeb2017-4450

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