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How did Hong Kong's property market perform in 2024?

In the first nine months of 2024, the total number of property transactions in Hong Kong rose by 7.4% y-o-y to 38,001 units, following annual declines of 4.5% in 2023 and 39.4% in 2022, based on figures released by RVD.

Is Hong Kong's housing market improving?

Hong Kong's housing market woes persist, amidst a chronic supply shortage. However, property demand is now showing some signs of improvement, as interest rates started to fall and property market cooling measures were lifted. Table of Contents

How will Hong Kong residential property market perform in 2025?

Growth: Likely to continue its upward trajectory with approximately 5% growth in FY2025. Price Normalization: Prices are expected to revert to normal after the market digested significant distressed sales in 2024. In this report, we evaluate three major areas of the Hong Kong residential property market for 2025.

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