Colliers Quarterly – Q3 2017


Hong Kong residential price has risen for 17 consecutive months as of August 2017. However, the number of transactions in the primary market has declined 26.7% QOQ to 4,577 units, while the secondary market has declined 32.1% to 8,581 units. The market stayed resilient with overall home prices increased 0.8% from June, despite slower than the 4.7% QOQ increase in Q2. Colliers expects that residential prices in Hong Kong will not see significant pressure until late 2018, property prices should still increase in 2018 until Hong Kong’s real interest rates turn positive in late 2018 at the earliest. The Starter Homes scheme mentioned in Mrs Carrie Lam’s Policy Address will not have a significant impact on the private housing market since implementation takes time with the shortage of suitable and available land.