Hong Kong residential market continues to gain momentum

Sean Ellison

Senior Economist, Asia-Pacific (RICS)

Our February Hong Kong Residential Market Survey indicates that the market continues to gain momentum despite more hawkish expectations surrounding interest rates.

Hong Kong station

Respondents indicated that sales and price expectations remained robust as demand from mainland Chinese residents stabilized following Lunar New Year holiday. The one-year forecast for prices and sales rose to cyclical highs across all regions.

Respondents report that the Hong Kong residential market remains robust in February, indicating that the government's November cooling measures did not significantly affect the market. The outlook for prices and sales also remained near cyclical highs despite more hawkish expectations surrounding interest rates. However, it is yet to be seen whether the market will maintain its momentum as banks begin to pass on the higher cost of credit to consumers.

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About the Hong Kong Residential Market Survey

The Hong Kong Residential Market Survey is a monthly survey generated by the RICS Economics Team. It captures market sentiment, the outlook for housing activities and prices, as well as respondents' views on a few key issues.

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