In November, Hong Kong’s residential market saw a 2.2% decline in transaction volume but a 1.2% rise in total consideration to HKD 51.7 billion. Mass residential capital values continued their 0.6% m-o-m rise, marking the third consecutive month of increases.
Developers have been actively launching new projects, reducing unsold inventory. The
expected supply months for the end of 2025 is forecasted to drop to 51.3 months, from 67.4 months in 2024. The luxury market saw a sale at Deep Water Bay Road 39, fetching HKD 342 million, marking a 2.8% loss from 2015.
Retail sales grew by 6.9% y-o-y in October, with electrical goods and food categories showing strong resilience. Inbound visitor arrivals surged by 12.2% y-o-y, with Taiwan seeing the strongest increase.
The leasing market remained active, with major deals like HSBC leasing space in Causeway Bay for HKD 4 million per month. Investment activity slowed, with Uni Investment Development Ltd acquiring a property in Kowloon Bay for HKD 131.8 million, yielding 7.3%.
