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.
According to JLL's newly released Year-End Property Market Review and 2024 Forecast, Hong Kong's commercial property leasing and investment markets experienced a slower-than-expected improvement in 2023.
July 2023 recorded the most severe monthly decline in the overall price index this year, dropping by 1.1%. JLL anticipated that the home price growth year-to-date would be erased by the end of September. The residential mortgage loans in negative equity cases will likely exceed 10,000 by the end of this month.
Based on a new survey by CBRE, capitalization rates in Asia Pacific are likely to continue to rise for the rest of 2023, but investment activity is expected to increase in the second half of the year as cap rate adjustments help close the price gap between buyers and sellers.