Hong Kong Residential Sales Market Monitor – September 2021
Medium sized flats outperform the market
In October 2019, Chief Executive Carrie Lam announced a relaxation policy in mortgage rules which has led to a change in buyers’ preference over the past few years. According to the RVD, Class B and Class C properties have outperformed the market since the introduction of relaxation measure. Their prices have climbed 4.7% and 5.8% between November 2019 and July 2021 respectively, against 2.0% growth in Class A units, suggesting larger units are getting more favoured amid the substantial decrease in down payments required. Read up on the latest property sales trends in Hong Kong's residential industry. Click to view JLL's September 2021 Residential Sales Market Monitor.