Hong Kong's Residential Property Market Could Bottom Out in 2025 -- Market Talk

Dow Jones11-29

0850 GMT - Hong Kong's residential property market is likely to bottom out in 2025 given falling home prices and improving transaction volumes, CCB International analysts write in a note. Rising rents and falling prices, along with rate cuts expected next year, will improve the cost of carry for property investment in the region, they say. CCB International forecasts a 4% rental yield and a 3% mortgage rate by the end of 2025. In addition, pent-up demand over the past three years and the shift to buying from renting have prompted property developers to clear inventory, they say. Transaction volumes in the primary and secondary markets will likely improve to 18,000 units and 35,000 units, respectively, in 2025, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 29, 2024 03:50 ET (08:50 GMT)

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In addition, pent-up demand over the past three years and the shift to buying from renting have prompted property developers to clear inventory, they say. Transaction volumes in the primary and secondary markets will likely improve to 18,000 units and 35,000 units, respectively, in 2025, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 29, 2024 03:50 ET (08:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong's Residential Property Market Could Bottom Out in 2025 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong's Residential Property Market Could Bottom Out in 2025 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-29 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0850 GMT - Hong Kong's residential property market is likely to bottom out in 2025 given falling home prices and improving transaction volumes, CCB International analysts write in a note. Rising rents...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348827113.USD","symbol_name":"ALLIANZ RCM CHINA \"AT\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2487580689","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487580689","pubTimestamp":1732870200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0850 GMT - Hong Kong's residential property market is likely to bottom out in 2025 given falling home prices and improving transaction volumes, CCB International analysts write in a note. Rising rents and falling prices, along with rate cuts expected next year, will improve the cost of carry for property investment in the region, they say. CCB International forecasts a 4% rental yield and a 3% mortgage rate by the end of 2025. In addition, pent-up demand over the past three years and the shift to buying from renting have prompted property developers to clear inventory, they say. Transaction volumes in the primary and secondary markets will likely improve to 18,000 units and 35,000 units, respectively, in 2025, they add. 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Rising rents and falling prices, along with rate cuts expected next year, will improve the cost of carry for property investment in the region, they say. CCB International forecasts a 4% rental yield and a 3% mortgage rate by the end of 2025. In addition, pent-up demand over the past three years and the shift to buying from renting have prompted property developers to clear inventory, they say. Transaction volumes in the primary and secondary markets will likely improve to 18,000 units and 35,000 units, respectively, in 2025, they add. 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