No Data
In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
According to Zhongyuan Mortgage, the number of mortgage registrations for existing properties in Hong Kong reached 13,109 in the first quarter, an increase of 15.7% year-on-year.
In the first quarter of 2025, the number of mortgage registrations for existing homes in Hong Kong increased by 15.7% year-on-year to 13,109 cases, mainly due to the market recovery and rising transactions in the fourth quarter of last year, which drove an increase in mortgage withdrawals and registrations in the first quarter of this year.
Hong Kong's Rating and Valuation Department: In February, the private residential price Index declined by 0.9% month-on-month, falling for three consecutive months, reaching the lowest point in over eight years.
In addition, the rental price increase for private Residences in Hong Kong has slowed down. In February, the rental Index for private Residence units reached 193.5, up 0.3% month-on-month, rising for three consecutive months; up 4.93% year-on-year.
National Bureau of Statistics: From January to February, national Real Estate Development investment reached 1,072 billion yuan, a year-on-year decrease of 9.8%.
According to the National Bureau of Statistics announcement, from January to February, nationwide Real Estate Development investment reached 1,072 billion yuan, a year-on-year decrease of 9.8%, with the decline narrowing by 0.8 percentage points compared to the annual total from last year; among this, Residence investment was 805.6 billion yuan, down 9.2%, with the decline narrowing by 1.3 percentage points.
The government work report first mentioned "stabilizing the real estate market" and first-tier cities are expected to continue to reduce restrictive measures.
① Chen Changsheng, deputy director of the State Council Research Office, stated that including stabilizing the real estate and stock markets in the overall requirements of the "Government Work Report" is the first time; ② The government work report today mentioned, "Policies are adjusted based on local conditions to reduce restrictive measures," which indicates an important direction for this year's policies, namely that the purchase restrictions may still be adjusted and optimized.
Knight Frank: It is expected that Hong Kong property prices will bottom out in the first half of this year, with an annual increase of 0-5%.
According to Wang Zhaoqi, Senior Director and Head of Research and Consulting for Greater China at Knight Frank, it is expected that Hong Kong property prices will bottom out in the first half of 2025. In the short term, prices will hover around the bottom, but as interest rates and inventory gradually decline, it is predicted that Hong Kong property prices will start to rise significantly in the second half of 2025, increasing by 0-5% for the whole year.
