The WPJ

Asia Pacific Residential

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.

Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin

According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7%.

Asia Pacific Residential Property News












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