Research

Hong Kong Property Market Monitor – December 2023

October retail sales growth moderates to single digit

December 21, 2023

Total retail sales rose by 5.6% in October, the first month of the year to record only a single-digit growth. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 
 

  • Office: One supply is completed in November.

  • Residential: Overall transaction volume rebounded by 20.3% m-o-m in November.

  • Industrial: Kerry Godown (Fanling I) sold to China Resources for HKD 1.0 billion.

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