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Hong Kong Residential Market Survey

Price momentum firm as enquires continue to outpace new instructions

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Price momentum firm as enquires continue to outpace new instructions

The June 2015 RICS Hong Kong Residential Market Survey indicates that price momentum still remains strong with the headline price balance recording a value of +81, the highest reading since the start of the survey in March. Specifically, the New Territories ans Kowloon recorded the strongest price gains over the period while price momentum on the Hong Kong Island appears to have softened, although a price balance of +65 is still indicative of solid growth. Significantly, the imbalance between supply and demand still persists, albeit to a lesser extent than previoulsly. The balance of new instructions actually turned more positive while new buyer enquiries improved at a faster pace between June and May.

Source : RICS

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Keywords : RICS