Hong Kong Property Market Monitor – March 2023

Retail market to be the immediate beneficiary of re-opening

March 17, 2023

The return of travelers to Hong Kong has led retail sales and market sentiment to rebound in January, but a more rapid pick-up is expected in the coming months. 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 have picked up with rising volume

  • Industrial: An enbloc transaction was recorded in March

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