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Hong Kong Monthly Review and Commentary on Hong Kong’s Property Market

MARKET HIGHLIGHTS

  • Grade-A office leasing was slow in December, both on Hong Kong Island because of limited availablity and in Kowloon owing to seasonal factors towards the year end.

  • The rise in the stamp duty rate in November dragged down home sales volume in December, but prices remained stable. Prices could be under pressure, with The Policy Address 2017 reaffirming the government’s intention to increase housing supply.

  • Improved retail sales and visitor figures towards the year end reconfirmed our forecast that the local retail market should reach the bottom in the first half of 2017.

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