Hong Kong’s current residential property market is “abnormal and a result of the Government’s cooling measures,” according to JLL Managing Director for Hong Kong, Joseph Tsang.
Hong Kong will have new leader in Carrie Lam as the former bureaucrat secured 67 percent of the 1,163 votes cast on Sunday 26th March.
Minimum 40 percent down payment helps Hong Kong owners escape downward price pressure despite rate hikes.
Hong Kong’s move to raise residential property stamp duty to tame soaring real estate prices will lower transaction volumes in the near term.
China’s influence on Hong Kong’s residential property market looks likely to remain firm into the future