According to JLL in its Macau Year-end Property Review 2020, Macau's overall property market experienced a relatively moderate contraction in 2020, thanks to its success in having Covid-19 under control locally.
Only 11,288 new flats were issued pre-sale consent from January to November 2020 in Hong Kong, 31% lower than the five-year average from 2015 to 2019.
The annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.
According to JLL's latest Property Market Monitor released this week, Hong Kong's office market rental decline has abated in recent months, as the initial phase of sharp rental corrections is over.
According to JLL's newly released Residential Market Monitor report, Hong Kong property developers are expected to reconfigure apartment design to suit the working needs of dwellers as flexible workplace arrangement becomes more common in 2021.
Posted on July 21, 2020
Posted on July 10, 2020
Posted on May 28, 2020