Hong Kong Housing Prices Seen Rising 15 Per Cent In 2019 - Report

Editorial Staff

22 March 2019

Global real estate services company , the two presidents,” said To, referring to China’s Xi Jinping and the US’s Donald Trump.

Last year, a long rise in the jurisdiction's property market ended in August, with a cumulative loss of 9.2 per cent in home prices at the end of December last year.

The report noted, however, that prices in popular residential areas such as City One Sha Tin and Taikoo Shing have recovered by at least 20 per cent in the first three months of 2019, their fastest pace in 10 years.

Earlier in March, Cushman & Wakefield said that globally, real estate transaction volumes in 2018 were the "strongest on record" at $1.75 trillion; a 4 per cent year-on-year growth, surpassing previous highs of $1.68 trillion in 2017.

The firm forecasts that record levels will be be maintained in 2019, in the region of $1.75 trillion, as investors target a wider range of markets to find opportunity, and more sellers come forward as real estate strategies adjust to evolving monetary policy, geopolitical tensions and structural change. The report states that pricing is expected to edge ahead. However, this will be driven by stable yields and steady rental growth for the best assets rather than yield compression which has typified recent years.