Hong Kong Property Market Monitor – February 2023

Re-opening induced optimism, but activities remain subdued

February 20, 2023

Despite the upgraded economic outlook after the border reopening, the leasing market and investment market continued to be sluggish in January. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Office: Overall vacancy rate continues to edge up

  • Residential: Home prices rebound 0.6% after the border reopening

  • Retail: Retail sales benefited from festive season last December

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