This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Hong Kong Property Market 'Faltering'

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


Government Cooling Measures  Ricky Poon  Hong Kong Property Investment 

Hong Kong Property Market 'Faltering'

By - Thursday 02 June 2011

Government cooling measures have started to have an effect on Hong Kong's property market, with a leading developer claiming that the sector is faltering. This is despite housing sites fetching record-breaking prices and individual residential developments registering transactions at an all-time high.

Colliers International explained that a slowdown in residential sales activity over the past quarter has revealed a growing uncertainty in the market.

Since the final three months of 2010, several measures, such as bank tightening measures including lowering of loan-to-value ratio and the government's announcement of a stamp duty on residential sales transactions, have been in place to simmer down the housing boom.

Ricky Poon, the firm's executive director of residential sales, said that one of the driving forces for the robust luxury residential price growth can be attributed to the strong demand from wealthy mainland Chinese buyers.

"Besides bank tightening and the government's cooling measures, a reverse or slow down in the hot money from the Mainland to Hong Kong may also affect the residential price growth. The question now is when this will happen if it does happen," he said.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Visit Our Investment Terms Glossary



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus