Prices could rise up to 5 per cent this year given improving market sentiment and low financing costs, CBRE says
Hong Kong’s lived-in home prices posted a small gain for the second straight month in May, according to official data, fortifying hopes of a sustained recovery in the city’s property market.
An official index measuring secondary home prices inched up by 0.03 per cent in May from a month earlier, the Rating and Valuation Department said on Thursday. In April, the gauge rose 0.35 per cent from March.
In the first five months of the year, second-hand home prices declined by 0.9 per cent. They are down 28 per cent from a peak in September 2021.
“While residential prices are bottoming out, significant rises are not expected in 2025,” said Eddie Kwok, executive director for valuation and advisory services at CBRE Hong Kong.
