HK Property Market Watch — August

Vishalsai Daswani
Sep 5, 2018 · 3 min read

Read less. Know more. August in three minutes:

Key takeaways:

  • Property demand still remains strong
  • Mortgage rate has increased and will continue to rise
  • Declining property market sentiment suggest a decline in the second half of the year
  • Property developers are lowering prices of first-hand units in anticipation of poorer market outlook
  • Developers are opting for leasing properties instead of initial plans to sell them due to poorer market sentiment and vacancy tax plans

First-hand property developments in the news:

Property demand still remains strong:

Mortgage rate increases:

Declining property market sentiment:

Developers are lowering prices of first-hand units

Developers are opting for leasing properties instead of initial plans to sell them in order to avoid potential vacancy tax:

MyPropty is a Property Management service, handling residential property units in Hong Kong. We assist landlords in managing their properties, and provide market data and insights on the Hong Kong real estate market.

For more details, contact us at: hello@mypropty.com.

MyPropty

Providing information, transparency and insights on the Hong Kong real estate market.

Vishalsai Daswani

Written by

MyPropty

MyPropty

Providing information, transparency and insights on the Hong Kong real estate market.

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