Latest news with #CBREHongKong
RTHK
28-05-2025
- Business
- RTHK
HK home prices rebound 0.35pc in April
HK home prices rebound 0.35pc in April A valuation expert says significant rebounds in property prices are still unlikely this year as developers may continue to cut prices. Photo: RTHK Hong Kong's lived-in home prices rebounded in April, capping a four-month decline. Official figures released by the Rating and Valuation Department on Wednesday showed that the home price index rose to 285.7 in April, up 0.35 percent from a month earlier, but that was still 7.7 percent lower from a year ago. For the first four months of the year, however, the gauge declined 1.21 percent. While prices of small and medium-sized units rose by 0.35 percent month on month on average, that for large units rose higher, 0.42 percent. Rental prices, meanwhile, continued to head north for the fifth consecutive month, and rose by 0.31 percent to 193.7 last month, or 3.64 percent higher over a year ago. For the first four months, the rental gauge was up by 0.62 percent. Commenting on the figures, Eddie Kwok, executive director of valuation and advisory services at CBRE Hong Kong, said residential prices had stabilised and were bottoming out. "Positive carry for residential properties resurfaces as the one-month Hong Kong interbank offered rate [Hibor] dropped in May," he said. The one-month Hibor rate, which is linked to local mortgage loans, fell to its lowest point in nearly three years last week, thanks to a flood of liquidity entering the city's capital markets. "If this trend can be sustained, the residential property market is likely to experience a recovery as it might cost less to repay mortgages as compared to renting," Kwok said. "And this is likely to attract buy-to-lease investors and end-users entering the residential property market eventually." But Kwok noted that significant rebounds in prices are still unlikely this year as developers that are keen to clear out their mounting inventories might take the opportunity to replenish their capital and continue to cut prices. The Hong Kong Monetary Authority has warned that Hibor rates may still rebound.
Yahoo
09-05-2025
- Business
- Yahoo
Hong Kong's home prices slip towards nine-year low as Trump tariffs spook buyers
Potential buyers seen during the launch of the Gold Coast Bay project in Tuen Mun in January 2025 (Photo: Elson Li/SCMP) Hong Kong's lived-in home prices fell for a fourth straight month in March, dragging a key market indicator to the lowest level in more than eight years, as the threat of a global tariff war stoked economic uncertainty and sapped investment appetite. Prices in the secondary market declined 0.49% in March, according to an index published by the Rating and Valuation Department on Monday, following a 0.56% setback in February. The index has retreated a cumulative 1.7% for the quarter to the level last seen in July 2016. Since the city's housing market peaked in September 2021, prices of lived-in homes have slumped by 28.6% as social unrest and the Covid-19 pandemic sent the local economy into a recession. US President Donald Trump delivered his tariff blows on April 2, after threatening to do so since his inauguration in January. Looking to invest in overseas properties? Explore projects available for sale around the world 'Potential buyers took a wait-and-see approach,' said Eddie Kwok, executive director, valuation and advisory services, at CBRE Hong Kong. Home prices were likely to dip further in the coming months, with the US and China still locked in worsening trade tensions, he added. Meanwhile, rents in the city rose for the fourth straight month in March to the highest level since October, according to government data. Rents climbed 0.1% from a month earlier, and have risen by a cumulative 0.4% since the start of the year. Buyers were putting off home-buying plans in favour of renting, Kwok said, given the heightened trade tensions and doubts about future global interest-rate cuts. 'Going forward, we see residential rents picking up as the city welcomes more immigrants, especially during the summer period with non-local students preparing for the next academic year,' he added. See Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) CapitaLand Development's Orchard Heights sees 98% booking rate at launch in Vietnam Prime Penang properties worth up to RM400 mil for sale Thakral's Australian associate GemLife to develop A$428 mil lifestyle resort in Queensland En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
South China Morning Post
28-04-2025
- Business
- South China Morning Post
Hong Kong's home prices slip towards 9-year low as Trump tariffs spook buyers
Hong Kong's lived-in home prices fell for a fourth straight month in March, dragging a key market indicator to the lowest level in more than eight years, as the threat of a global tariff war stoked economic uncertainty and sapped investment appetite. Advertisement Prices in the secondary market declined 0.49 per cent last month, according to an index published by the Rating and Valuation Department on Monday, following a 0.56 per cent setback in February. The index has retreated a cumulative 1.7 per cent for the quarter to the level last seen in July 2016. Since the city's housing market peaked in September 2021, prices of lived-in homes have slumped by 28.6 per cent as social unrest and the Covid-19 pandemic sent the local economy into a recession. US President Donald Trump delivered his tariff blows on April 2, after threatening to do so since his inauguration in January. Potential buyers seen during the launch of the Gold Coast Bay project in Tuen Mun in January 2025. Photo: Elson Li 'Potential buyers took a wait-and-see approach,' said Eddie Kwok, executive director, valuation and advisory services, at CBRE Hong Kong. Home prices were likely to dip further in the coming months, with the US and China still locked in worsening trade tensions, he added. Meanwhile, rents in the city rose for the fourth straight month in March to the highest level since October, according to government data. Rents climbed 0.1 per cent from a month earlier, and have risen by a cumulative 0.4 per cent since the start of the year. Buyers were putting off home-buying plans in favour of renting, Kwok said, given the heightened trade tensions and doubts about future global interest-rate cuts. Advertisement 'Going forward, we see residential rents picking up as the city welcomes more immigrants, especially during the summer period with non-local students preparing for the next academic year,' he added.
South China Morning Post
14-03-2025
- Business
- South China Morning Post
How Hong Kong's property slump is affecting asset values owned by celebrities and tycoons
Hong Kong's weakening retail sales and slumping property market have sharply reduced the capital values of commercial real estate owned by celebrities like Nicholas Tse Ting-fung and the family of the late 'King of Gambling' Stanley Ho Hung-sun. Advertisement The Macau tycoon's property at 20 Kimberley Street, Tsim Sha Tsui, has been put up for sale at HK$88 million (US$11.3 million), CBRE, the sole agent for the sale, said on Tuesday. The 1,410 sq ft corner site has a maximum commercial development potential of about 16,920 sq ft. 'It is very rare to see such a prime development site in the heart of Tsim Sha Tsui for sale,' said Reeves Yan, head of capital markets at CBRE Hong Kong. He added that the price translated to an accommodation value of HK$5,200 per square foot. Accommodation value is the land acquisition cost divided by the gross floor area permitted for the project. 03:02 Hongkongers bid farewell to much-loved traditional toy store Hongkongers bid farewell to much-loved traditional toy store The most recent commercial en-bloc sale in Tsim Sha Tsui was that of The Popway Hotel, at No. 117 Chatham Road South in June 2024, which was valued at HK$180 million or HK$7,331 per square foot.
South China Morning Post
28-02-2025
- Business
- South China Morning Post
Hong Kong lived-in home prices fall to lowest point in 8 years in January
Advertisement Prices on the secondary market declined 0.45 per cent in January as a closely watched gauge edged down to 287.6 from 288.9, following a 0.65 per cent drop in December, wiping out gains from October and November, according to data published by the Rating and Valuation Department on Friday. Prices weakened 7.13 per cent in 2024, following a 15 per cent drop in 2023 and a 7 per cent loss in 2022. At present, the index stands at a level not seen since August 2016. 'As January was still the low season due to the [Lunar New Year] holiday, there was not much fluctuation in terms of property prices,' said Eddie Kwok, executive director of valuation and advisory services at CBRE Hong Kong. As developers resumed putting new residential projects on the market and selling existing inventories, prices could come under pressure, Kwok said. In September, the US Federal Reserve kicked off a global rate-cutting cycle , though economists have become more cautious about the scope and speed of easing this year, clouding prospects for the property market. Despite that uncertainty, some analysts said they expect a recovery for the Hong Kong property sector this year, thanks to an improved performance from the city's stock market and a quicker reduction of existing inventory. Advertisement Kwok said Beijing's efforts to support the mainland economy had also given a lift to equities in Hong Kong. 'The Hang Seng Index is highly correlated with residential prices with two to three months of a time lag,' Kwok said. 'If it remains at its current level or continues to increase, we expect residential prices for the secondary market to stabilise and potentially pick up going forward.'
