Research

Hong Kong Property Market Monitor – June 2024

Residential sales momentum weakened substantially in May

June 25, 2024

The pace of project launches slowed noticeably in May, and the sell-through rates for new project launches turned less satisfactory, reflecting a marked decline in buying sentiment. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.

Office: Two projects completed during the month.

Retail: Total retail sales dipped further, while inbound visitations continued to grow in April.

Industrial: The leasing momentum was lifted by two notable transactions in May.

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