Based on JLL's latest Hong Kong Residential Market Monitor Report, JLL forecasts annual private housing completion in 2026-2028 to decrease 44% compared to 2023-2025.
According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7%.
According to JLL's newly released Year-End Property Market Review and 2024 Forecast, Hong Kong's commercial property leasing and investment markets experienced a slower-than-expected improvement in 2023.
According to global property consultant JLL, Hong Kong's residential market turned more sluggish in the second half of 2023 as buyers are cautious amid rising interest rates and the challenging external environment.