HK Property Market Watch — September

Vishalsai Daswani
Oct 5, 2018 · 3 min read

Read less. Know more. Catch up on all property related news you need to know from September in five minutes:

Key takeaways:

  • Hong Kong home prices fall for the first time in 29 months
  • Developers are speeding up sales of units in light of vacancy tax
  • Hong Kong is the city with the highest risk of a real-estate bubble
  • Mortgage rates have increased
Rent and Price Indices for Hong Kong Private Domestic apartments

Hong Kong home prices fall for the first time in 29 months due to uncertainties and poor market sentiment

  • There is a lower market sentiment due to the mortgage interest rate increases, increased supply from developers, and trade war tensions
  • Hong Kong’s developers reported their first mixed weekend in five years
  • Ricacorp Properties tracks 50 popular residential estates. Last month, the average price per sqft dropped 0.3% (the first fall since April 2016) and the number of transactions dropped 31% (30-month low).
  • Prices fell 0.076% in August compared to July.
  • Home prices on Hong Kong Island tend to drop earlier and by a larger extent. Small homes in the New Territories, which are relatively cheap, remain in large demand. (For specific questions on how this may affect your properties or different regions you have invested in, contact us at ask@mypropty.com)

Developers are speeding up sales of units in light of vacancy tax

Hong Kong is the city with the highest risk of a real-estate bubble

Mortgage rates have increased:

Other news:

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.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade