Hong Kong Property Market Monitor – July 2023
Heavy mortgage burden concerns home buyers despite relaxation on mortgage rule
Under the new mortgage rule, homebuyers can borrow up to 70% for properties valued below HKD 15 million, and up to 60% for properties valued below HKD 30 million. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
- Office: Premium office in decentralised submarket attracts tenants with upgrading demand.
- Retail: Total retail sales boosted by new round of consumption voucher disbursement.
- Industrial: A notable lease of data centre was signed in June.