Hong Kong Property Market Monitor – May 2023
Major banks raise prime rates by 12.5 bps to 15-year high
May 17, 2023
Due to an increase in mortgage rates, the higher monthly mortgage payment and income requirement could dampen housing market sentiments. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets.
- Office: Overall rents drop further.
- Retail: Several notable leasing transactions take place in core shopping districts in April.
- Industrial: One en bloc transaction is registered in April.