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Hong Kong Residential Market Survey

Weakness in buyer demand leads to decrease in prices and fall in transaction levels

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The October 2015 RICS Hong Kong Residential Market Survey shows a deterioration in the headline price balance, along with a further slide in all key activity indicators. This is in line with the softening economic dataflow and the continuing uncertainly emanating from China's economic situation. Indeed, the headline net price balance turned significantly negative in October, coming in at -31 from +2 the previous month. i.e. 31% more respondents reported price falls rather than rises. This is the first negative reading since the survey began in March.

Source : RICS

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Keywords : RICS