Hong Kong Property Market Monitor – February 2024

2023 total inbound visitors reach half of peak level in 2018

February 22, 2024

With 3.9 million visitor arrivals in December, total inbound visitation in 2023 amounted to 34.0 million, reaching 52% of the pre-pandemic levels in 2018. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Office: Overall vacancy rose further due to new completion.

  • Residential: Mass residential capital values fell by nine consecutive months as of January.

  • Industrial: HKET sold multiple units in Tai Ping Industrial Centre for HKD 135 million, reportedly.

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