Hong Kong Residential Sales

Prices stabilised this quarter in the luxury market while some notable transactions were completed.

July 2014

 
  • Luxury apartment prices were stable in Q2/2014, with transactions mainly focusing on good quality stock in traditional areas.
  • The most notable transaction this quarter was the sale of the 11/F of Opus by Swire Properties for HK$430 million.
  • The townhouse market followed a similar trend to the luxury apartment sector, and was largely steady in the second quarter.
  • The luxury residential market in Kowloon and the New Territories was also stable in Q2/2014. The launch of the Grand Austin drew a strong response from the market, however, with demand seen from both end users and investors.
  • The release of pent-up demand, which has built up since the introduction of double stamp duty in February 2013, was noted in the mass market, with transactions mainly driven by end users or first-time buyers.
 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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