15 June 2017
Hong Kong Property Market Monthly Report
- Two major commercial sites were sold in May, which should push up the capital values of Grade-A offices. Leasing should be active, with decisions to be made before the summer holiday.
- Home sales dropped in May, owing to the ongoing implementation and further tightening of cooling measures. However, residential prices are expected to continue to rise.
- The retail market has reached bottom and is expected to stablise in the coming months. Drops in prime street shop rents should narrow and rents should then remain largely steady for some time.
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