Hong Kong Property Market Trends

The Hong Kong property market is experiencing a slowdown, with falling prices and weak demand. Property prices had a positive start in 2024 but have tilled off since then, with only a 1.3% increase year to date. Analysts expect prices to continue falling until 2024. Unlike mainland China, where people buy when prices are rising, Hong Kong buyers see falling prices as an opportunity to enter the market and establish a new equilibrium price. Government policies in mainland China are more strict and direct, while Hong Kong takes a more subtle approach.