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February 2016: Hong Kong Residential Market Survey

Sharp fall in buyer demand continues to weigh on prices

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The February 2016 RICS Hong Kong Residential Market Survey shows a further deplation in sentiment with a net balance of 82% of surveyors reporting prices to have fallen over the course of the last three months.

Activity levels have decreased markedly in recent months ans a net balance of 70% of respondents reported vuyer demand to have fallen again during February. The price falls and reduced demand may be deterring potential vendors with a net balance of 39% of surveyors reporting a decrease in new instructions to sell, the fifth consecutive monthly decline. 

Source : RICS

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Keywords : RICS