Hong Kong Real Estate News
Hong Kong
Hong Kong Property Investors Take a Wait-and-See Approach Due to U.S. Tariffs
The looming threat of President Trump's China tariffs in the first quarter of 2025, coupled with Hong Kong's strong economic ties to China, contributed to a decline in commercial rents and capital values across nearly all sectors of the city's property markets
Global Prime Residential Rent Slowdown Continued in Late 2024
According to the latest data from Knight Frank, prime rental growth across 16 key cities slowed in the final quarter of 2024, with rents rising by 2.2% over the past year -- the slowest pace in more than three years.
Global Luxury Residential Prices Showed Gradual Improvement in Late 2024
According to Knight Frank's latest Prime Global Cities Index, the growth of prime residential property prices worldwide is slowly gaining momentum. The annual growth rate climbed in the final quarter of 2024, reaching 3.2%. Although this marks an improvement from the previous quarter, it remains below the 20-year average of 5.3%.
Asia Pacific Commercial Property Investment Spikes 23 Percent in 2024
New data from global real estate consultancy JLL reveals a 23% year-on-year (YoY) increase in commercial real estate investment across Asia Pacific in 2024, totaling $131.3 billion and surpassing 2022 levels. Investment volumes in Q4 alone grew 10% YoY to $34.9 billion, marking the fifth consecutive quarter of YoY growth for the region.
