A research produced by
The November Hong Kong Residential Market Survey indicates that housing market sentiment continues to gain momentum. The Confidence Index, an amalgamated measure of short-term price and sales expectations, continued to gain traction in November as indicated in Chart 1.
As shown in Chart 2, respondents continued to report robust price momentum over the past three months, as well as an increase in sales volumes over the past month (Chart 3). Against this backdrop, both price growth (Chart 4) and volumes (Chart 5) are seen increasing over the next three months.
Chart 12 shows that the market continues to be supported by solid demand which continues to outstrip supply across all three regions (New Territories, Kowloon, Hong Kong Island). Although there has been some pickup in demand from mainland buyers in Kowloon, as Chart 13 shows headline demand remains little changed. This indicates that most of the buying has been driven by domestic buyers.
Source : RICS
