22 Aug 2018
Residential price growth set to decelerate in 2H 2018
The Grade-A office leasing market on Hong Kong Island was relatively active in the off-peak season. In contrast, in Kowloon, Grade-A office market saw the number of leasing transactions nearly halved month-on-month.
Home sales declined 9% month-on-month in July. Some landlords and potential buyers are waiting to see the impact of the new housing policies. Meanwhile, because of government intervention and external uncertainties, home prices are expected to slow in the second half of the year.
With the increased Mainland visitor arrivals, luxury sales has already returned to its level three years ago. We expect the prime street rents to level off leading to a positive outlook for the rest of 2018.
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