Recently, the atmosphere of the Hong Kong property market has continued to rebound, and market confidence has steadily recovered. According to the latest data released by the Rating and Valuation Department.
It is reported that the Dome business district has emerged as the annual monthly rental store king, and chain lifestyle department store Baoya has invested heavily to occupy the core area.
The atmosphere of the real estate market continues to improve, and Tuen Mun Tian (formerly known as Evergrande Junlong Bay), known as the "city of losses and concessions", has recorded a rare case of short-term profit.
Recently, Lianxiangju officially entered the core business district of Mong Kok, renting a storefront on the former Beijing hometown of Xiyangcai South Street for a monthly rent of 102000 yuan.
A luxury property in Fo Tan, Dragon's Ridge, has launched a unit exceeding 1,000 square feet. Not only does it offer panoramic views of the racecourse and river, but it also occupies a prime location above the sky garden.
Hong Kong's second-hand property prices have halted their decline, recording a provisional annual increase of over 5%. Thirty-four residential estates across the territory have recorded over 100 transactions each, marking a three-year high.
As the Hong Kong government's regulatory policy effects unfold, the property market's recovery from the trough is increasingly evidentclear. Latest data shows November property transaction registrations are set to hit a 1.5-year high.
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.