Asia Pacific Residential Real Estate News
Asia Pacific Residential
Mainland Chinese Buyers Flock Back to Hong Kong Luxury Properties in Early 2024
Mainland Chinese buyers are observed to have accounted for around 70% of recent primary sales of luxury residential properties worth HKD 30 million or above, rebounding from less than 50% before the removal.
Super Luxury Home Sales Spike 11 Percent Worldwide in Q4
Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022.
Macau's Residential Market, Economy Both Face Ongoing Challenges in 2024
Based on JLL's newly released "2023 Macau Property Market Review", Macau's economy has gradually recovered. However, property assets continue to be under pressure due to factors such as high interest rates, and it is expected that the recovery of the Macau property market will remain slow.
Hong Kong New Residential Construction Completions to Implode 44 Percent by 2026
Based on JLL's latest Hong Kong Residential Market Monitor Report, JLL forecasts annual private housing completion in 2026-2028 to decrease 44% compared to 2023-2025.
