Colliers Quarterly – Q4 2017
RESIDENTIAL – A RESILIENT MARKET AMID STABILITY
The Hong Kong residential market had a robust 2017, both price and transaction volumes increased 13% and 24% respectively from the previous year. During the fourth quarter of 2017, demand in the primary market stayed strong with developers actively launching new projects. In the secondary markets demand was driven by a strong market sentiment despite the presence of high stamp duties. Despite an increasing supply of residential units, a 21.1% growth YOY, the housing market shortage remained unresolved.