Blog

Private housing market in Hong Kong

A gist of the blog:

In this week’s blog, I would like to share with you various data and my observation regarding the property market. Following the increasing land supply in the past few years, the number of private residential flats under construction and to be completed in the next few years will increase substantially. The projected supply of first-hand private residential properties for the coming three to four years reached the record high of about 98000 units, among which about 70% are estimated to be small- and medium-sized units. The property prices are at the peak at the moment, while the affordability ratio has further worsened in the first quarter of 2017, and the interest rate is likely to increase in the near future. Citizens who are planning to purchase property should pay extra attention to the risks in the property market.

August 6, 2017