The April Hong Kong Residential Market Survey shows that sentiment surrounding the housing market has continued to gain momentum in 2017. Excess liquidity at Hong Kong banks contributed to easing credit conditions which have continued to provide support to the residential market. Respondents were once again nearly unanimous in reporting price increases in the last three months. Respondents also reported an increase in volumes in April.
However there was some moderation in momentum in enquiries from mainland China. Although respondents continued to report an increase in enquiries from the mainland, the net balance of those who did fell from 42% in March to 18% in April. However, this metric has been fairly volatile in recent months.
Source : RICS