Real Estate
Hong Kong Property Market Shows Recovery Signs After Rate Cuts
- Lower mortgage costs and rise in stocks helped home sales
- Market faces challenges in long run, including weak economy
Residential values in Hong Kong may stop their declines in 2025.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Hong Kong’s slumping housing market has received a long-awaited boost from interest-rate cuts and a stock market rally.
Sales of both new and used homes jumped in the past couple of weeks, prompting some analysts to predict a trough in residential prices that have tumbled to an eight-year low. Others see a tough road to recovery amid a persistent inventory glut and a weak economy.