〈The Standard, Mar 15, 2025〉An index of Hong Kong second-hand property prices dropped to a 21-week low, according to data from real estate agency Centaline, though a rebound is expected in the second quarter.
The Centa-City Leading Index, which tracks trends in the second-hand property market of major residential estates, fell 0.71 percent week-on-week to 136.48 points, similar to the week before the February 26 budget announcement.
The easing of stamp duties has improved sentiment in both primary and secondary property markets, and the index could rebound in the second quarter if transaction volumes continue to grow, said Yeung Ming-yee, senior associate director at Centaline.
The CCL, now at its lowest level in over eight and a half years, has been hovering near late-August 2016 levels, with home prices in 2025 down by 0.84 percent so far, Yeung said.
〈Hong Kong Business, Mar 14, 2025〉The government has dismissed S&P’s claim that the city has an oversupply of residential properties, stating that demand remains strong.
It pointed to a private housing vacancy rate of 4.5% at the end of 2024—consistent with the 20-year average—and rising rental prices.
The government expects the market to remain stable in 2025, supported by lower interest rates, economic growth, and an inflow of talent.
Property lending totaled $3.4t at the end of 2024, with residential mortgages making up 56% and commercial property loans 44%. Mortgage delinquency stood at 0.12% as of January 2025, whilst negative equity cases remained low at 0.15%.
〈Asian Post, Mar 13, 2025〉The government has announced its 2025-26 Land Sale Programme, featuring eight residential sites capable of yielding around 4,450 flats.
Development Secretary Bernadette Linn said total private housing land supply for the year, including government land sales, MTR projects, Urban Renewal Authority developments, and private redevelopments, is expected to reach 13,700 flats—meeting the government’s target of 13,200 flats set in its Long Term Housing Strategy Annual Progress Report 2024.
No commercial sites are included due to high office vacancy rates and sufficient supply in the coming years.
〈Hong Kong Business, Mar 12, 2025〉Hotel Ease Tsuen Wan, located at number 5 to 19 Chun Pin Street, Kwai Chung is up for sale at $530m, according to JLL.
The property is within the commercial and industrial area of Kwai Chung with a gross floor area of 107,000 square feet, convertible to private student accommodation.
The property comprises 24 floors with a site area of 9,000 sq. ft. It features 160 guestrooms and has eight private car parking spaces, three loading and unloading bays, one coach space, one motorcycle space, and three elevators.
〈Asian Post, Mar 11, 2025〉Chinese easing of visa restrictions for Shenzhen residents visiting Hong Kong is boosting retail demand in the city, with some businesses already reporting double-digit sales growth.
“The resumption of multiple-entry visas for Shenzhen residents has breathed new life into Hong Kong's dining and retail sectors, particularly following a period of subdued activity,” Javier Calvar, group service line head at Ipsos Hong Kong, told Retail Asia.
The policy, which took effect on 1 December 2024, and other measures such as higher duty-free allowance for mainland visitors are boosting tourism, he said in an emailed reply to questions.
