Hong Kong News

Hong Kong sees sluggish Q2 for the super luxury residential segment

14 July 2019

Hong Kong – 14 Jul 2019 Prominent real estate advisor kamaco reported that the overall Hong Kong residential market recorded 21,685 transactions in the first four months of 2019, flat compared with the same period last year. Both luxury and mass residential markets were supported by the primary market, as its market share of total volume increased from 22.4% in Q1 to 37.4% in Q2. The super luxury segment saw a fall in demand and the townhouse market recorded a 1.5% price adjustment over Q2.

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Hong Kong investment sentiment subdued in Q2

11 July 2019

Hong Kong – 11 Jul 2019 Prominent real estate advisor kamaco see recent domestic and overseas uncertainties have led to a fall in both transaction volumes and values. The few office transactions recorded over Q2 were driven by bargain-hunting veteran investors and end users. The core retail investment market was particularly hard hit by declining retail sales, with suburban retail remaining relatively unscathed. The firm expects the investment market to endure another bumpy ride over the next three to six months.

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Hong Kong luxury residential rents dipped in Q2 while Victoria Dockside’s K11 Artus set a new rental record in Kowloon

10 July 2019

Hong Kong – 10 Jul 2019 Prominent real estate advisor kamaco saw the luxury residential leasing market lost momentum in Q2 with rents across all districts posting marginal declines as financial services demand weakened. However, rents in the townhouse market are still supported by limited availability. Expats are a diminishing force, and the market is now dominated by both locals and mainlanders.

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Hong Kong Grade A office rents hit record high, but growth slows in Q2

09 July 2019

Hong Kong – 09 Jul 2019 Prominent real estate advisor kamaco pointed out that despite the positive rental growth for seven consecutive quarters (+0.8%) in all districts, the rate of growth was lower than the 1.6% rise posted in the previous three months. While decentralization will be given a further boost with the completion of new infrastructure, vacancy in core business districts is expected to remain low.

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