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Hong Kong Residential Market Survey

Housing market continues to gain momentum following Lunar New Year holiday

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Housing market continues to gain momentum following Lunar New Year holiday

The February Hong Kong Residential Market Survey shows that sentiment surrounding the housing market has continued to gain momentum in 2017, while a slight majority of respondents reported an increase in buyer enquiries from residents of mainland China for the first time since November.

A balance of 33% of respondents from Kowloon reported that investment enquiries from residents of mainland China increased in February. Meanwhile respondents from Hong Kong Island and the New Territories reported little change in mainland investment enquiries.

Headline price momentum remained robust as a net balance of 81% of respondents reported price increases in the past three months, while a balance of 15% reported an increase in agreed sales over the last month. Amidst the continued strength in residential real estate respondents’ three month trailing average forecast for prices over the next twelve months rose to 2.8%, the highest since July 2015.

Source : RICS

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Keywords : RICS