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Hong Kong Property Market Monthly Report - September 2017

Hong Kong home prices to gain 10-13% over 2017 despite recent slower growth

Office

Central continued to outperform the other business districts with increased requirements from international financial firms and sustained demand from Mainland companies.

Residential

Home sales rebounded in August, with more primary units launched. Home price growth continued to slow down, but we still expect prices to increase 10-13% this year.

Retail

The retail market recovered further but faces a number of risks. Shop leasing slowed down, with some landlords becoming firm on rental rates and potential tenants remaining cautious.

 

  • Central continued to outperform the other business districts with increased requirements from international financial firms and sustained demand from Mainland companies.
  • Home sales rebounded in August, with more primary units launched. Home price growth continued to slow down, but we still expect prices to increase 10-13% this year.
  • The retail market recovered further but faces a number of risks. Shop leasing slowed down, with some landlords becoming firm on rental rates and potential tenants remaining cautious.

 kf

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Content provided by Knight Frank
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