According to comprehensive property platform data, the average asking price for new-build properties in Hong Kong in December stood at HK$196,000 per square metre, remaining unchanged month-on-month.
The Vanke Hong Kong Tai Po ‘Lianhao II’ project, originally scheduled for public sale on 16 December, abruptly cancelled its first-round sales plan on the eve of launch without announcing a new timetable.
Hong Kong’s property recovery shifts first-time buyers’ behaviour. The rent-buy gap and wealth effect fuel their rent-to-buy switch, boosting December’s home registration surge.
Recently, Hong Kong's commercial property and residential markets have shown synchronised recovery, with Alibaba and JD.com's intensive market entry activities drawing significant attention.
Recent performance indices for Hong Kong's various districts reveal pronounced regional divergence, showcasing a distinct pattern of ‘strong eastern districts and stable western districts’.
The recovery in Hong Kong's property market continues to consolidate. Driven by the dual resonance of interest rate cuts spurred by falling US rates and the wealth effect generated by the robust performance of Hong Kong stocks.
Hong Kong's property market policies have delivered further positive developments, with stamp duty adjustments targeting the affordable housing segment precisely addressing the pain points of first-time buyers.
Against the backdrop of a global shift in monetary policy and the end of Hong Kong's interest rate cutting cycle, the Hong Kong real estate market has not fallen into a wait-and-see stalemate, but has shown a clear trend of recovery.