Asia Pacific Residential Real Estate News
Asia Pacific Residential
Global Luxury Residential Prices Showed Gradual Improvement in Late 2024
According to Knight Frank's latest Prime Global Cities Index, the growth of prime residential property prices worldwide is slowly gaining momentum. The annual growth rate climbed in the final quarter of 2024, reaching 3.2%. Although this marks an improvement from the previous quarter, it remains below the 20-year average of 5.3%.
Hong Kong Housing Market to Reach Equilibrium in Late 2025
According to JLL's latest Residential Market Monitor report, new home inventory is expected to reach a more balanced supply-demand equilibrium by the end of 2025.
Hong Kong Housing Market Benefits from Mainland China Policy Stimulus
Recent rate cuts and rising stock prices offer positive news for Hong Kong's property market. However, the weak economy and cautious pricing from developers persist.
Macau's Residential Sales Continue to Decline in 2024
Data from DSF indicate that the housing market transaction volume decreased by 12.7% year-over-year in the first half of the year, while 172 presale homes were recorded during the same period.
