20 Dec 2017
Hong Kong Property Market Monthly Report - December 2017
- The Grade-A office leasing sub-markets saw divergent performance last month, with less activity on Hong Kong Island but more in Kowloon.
- Home sales recorded over 5,000 transactions for three months in a row. We predict that mass and luxury residential prices will increase 5% and 8% respectively next year.
- Retail sales value sustained positive growth for the eighth consecutive month, but retail rents are set to drop another 5% next year, with retailers remaining prudent.
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