Hong Kong’s lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the city’s residential property market may have turned a corner. A widely watched official index of secondary home prices gained 0.42 per cent month on month to 387.9 in July, according to data from the Rating and…
New World Development (NWD) raised prices for a new batch of units in a sought-after residential project on Hong Kong Island, as prospective buyers outnumber the project’s supply of flats by more than 28 times. The developer said the response to the 388-unit State Pavilia project on King’s Road in North Point has been “enthusiastic”,…
The outlook for Hong Kong’s residential market is divided among analysts, with one consultancy forecasting prices to fall amid oversupply concerns, while two others expect prices to rise because of falling interest rates and improved stock market performance. Property consultancy JLL expects home prices to fall by up to 5 per cent, even as rivals…