S&P Global Projects HK Home Prices to Hike Up to 10% for Full Yr
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S&P Global forecasts Hong Kong home prices to rise by 8-10% for the full year, with a 3-5% increase expected in the remaining months. The report highlights a cyclical residential market, with investment capital driving demand, as investors made up 30% of recent purchases. While primary market transactions rebounded to 20,500 last year, a slight decline to 18,000 is anticipated next year. The agency predicts a moderate recovery phase for the market over the next two years, supported by increased housing supply.
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