The Hong Kong property market is highly sensitive to global liquidity and capital flows. Its cyclical turns often foreshadow wider trends in macro sentiment across Asia, making it a key bellwether for international investors watching the region.
For the first time in nearly a decade, Hong Kong's residential, office, and retail property segments are all set to grow simultaneously. This rare, synchronized upturn indicates a broad-based and resilient market recovery, rather than a fragile, sector-specific rebound.
Contrary to consensus, Hong Kong's property market recovery is not tied to China's struggling real estate sector. The key driver is a local policy change: scrapping stamp duties, which unleashed pent-up demand, particularly from mainland buyers whose market share jumped from 20% to 50%.