Hong Kong Residential Sales

Housing Investment Consultancy
Residential Sales

November 2017

Negative real interest rates, limited new supply and continuing Mainland buying in addition to a strong local economy and a stock market rally are all helping to propel prices to new highs.

Luxury prices continued to rise while sales volumes declined over the third quarter in a market characterized by buoyant sentiment and aggressive asking prices.

Primary launches continued to dominate headlines with both townhouses and apartments fetching record high average prices.

As in the commercial sector, we are still seeing plenty of Mainland buyers in the luxury segment with more share transfers involved.

With the current scarcity of vacant luxury land plots more luxury buyers with development capabilities are opting to buy houses for redevelopment.

Looking ahead, negative real interest rates, low levels of luxury supply and Mainland buying as well as a strong local economy and a rising stock market all look set to continue to support the luxury segment.

Nevertheless, any reversal of one or more of these positive factors could bring the current rally to a standstill.


Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

Two Exchange Square

+852 2842 4573


Subscribe to kamaco research


Would you like to be notified via email about new research?