Hong Kong Residential Sales Briefing

The rebound in Mainland buyers in the luxury segment supported price growth in 2015, partly as a result of wealth creation in the surging stock market.

June 2015

 
  • Luxury home buyers are less sensitive to interest rate movements, while policy measures by the Government seem to have been gradually digested by high net worth locals.  
  • Luxury residential price growth will recede in 2016 and be largely stable in 2017, mainly due to increasing luxury supply levels over the next three years.
  • Luxury apartment prices rebounded 2.5% in Q1/2015, while townhouse prices rebounded by 3.3% in Q1/2015, transactions in the Southside and The Peak picked up.
  • Luxury supply in the upcoming year will focus on Mid – Levels.  The rebound in Mainland buyers in the luxury segment supported price growth in 2015.
  • Residential transactions were driven by primary market sales.  The primary sales value is at an historical high, while primary volume is the highest since 2007.
  • China stock markets climbed to seven-year highs in April 2015.
 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

Two Exchange Square

+852 2842 4573

 

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