Hong Kong's housing market continued to reach new heights in December, capping off a year that saw capital values advance at their fastest pace in five years. Capital values of mass residential properties increased by 1.3% m-o-m in December to lift full-year growth to 15.8 percent.
Hong Kong's private residential completed are forecasted to climb 52% from an average of 14,500 flats per year over the last four years.
Macau's gaming revenue recorded y-o-y growth for the 11th month in a row, driving A residential property market rebounded amid the robust primary sales, leading to strong price growth in some of the residential projects.
According to JLL's latest white paper - Up, Up and Away: The Rise and Rise of Hong Kong's Residential Market, JLL expects Hong Kong's housing prices to grow 15% in the coming 30 months given strong demand from owner-occupiers
Small-to-medium sized developers in Hong Kong are likely to lose their competitiveness in land market.
According to JLL's latest Land and Residential Market Review, Hong Kong residential prices are now as much as 75.9% higher than the market peak in 1997 after the city was handed back to China twenty years ago.
Hong Kong Monetary Authority's (HKMA) two-way squeeze to control an overheating property market is unlikely to have any material effect on still-upbeat sentiment for residential properties in Hong Kong.
The new measure imposing the 15% stamp duty on all residential transactions in Hong Kong involving first-time buyers purchasing multiple properties under a single instrument is unlikely to have a significant impact to market dynamics.
According to JLL's latest Hong Kong Residential Sales Market Report released this week, HNA Group and related companies have arguably succeeded in resetting prices in Kai Tak after snatching four residential plots.
The world's most dynamic cities in JLL's fourth annual City Momentum Index (CMI) share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity.
American retirees have identified the five most affordable havens on the planet where expats can upgrade their lifestyle, but do it on a budget as low as $1,500 a month.
According to JLL's Hong Kong Residential Sales Report released this week, JLL's mass residential capital value index climbed 0.5% over the last two months.
According to JLL in its Macau Year-end Property Review 2016, the Macau property market fell to its bottom in 1H16 but rebounded a bit in 2H16 with the launch of several new residential projects.
According to JLL's Hong Kong Residential Sales Market Report published this week, a rise in borrowing rates and stamp duty taxes are significantly impacting Hong Kong's residential market.
According to JLL's Year-end Hong Kong Residential and Land Market Review 2016, notwithstanding the latest stamp duty measure, residential prices are expected to rise up to 5% next year.
A newly launched index that derives the price of prime residential and commercial development land in 13 major cities across Asia, saw mixed results in the first half of 2016.
According to global real estate consultant JLL's Hong Kong Residential Sales Market Report, recent signs of stabilization of Hong Kong's residential property sales do not indicate the property market has turned a corner.
According to global real estate consultant JLL, mass residential property prices in May 2016 have dropped 8.3% on the year in Hong Kong.