Research
Hong Kong Monthly Market Dynamics – May 2025
HIBOR dips to 1.35% as of 15 May, lifting hopes for housing demand
May 21, 2025
This reduction is expected to lower repayment costs for borrowers with HIBOR-linked mortgages, potentially boosting sentiment in the property sales market if rates continue to trend downwards. Read our latest monthly market dynamics of the Hong Kong office, residential, retail and industrial property markets.
- Office: Overall vacancy remains steady in April.
- Retail: Total retail sales decline moderates to 3.5% in March from 13.0% in February.
- Industrial: External trade growth further increases to 17.5% y-o-y in March, ahead of the US reciprocal tariff imposition in April.