Hong Kong Property Market Declines

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commercial property prices

South China Morning Post

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World

Year of the Snake: rare deals, distressed sales to prevail in Hong Kong property

Summary

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91% Informative

Commercial property transactions in the city declined by more than 11 per cent to 3,461 in 2024 from 3,906 in 2023 .

Value of commercial deals fell by 46 per cent year on year to HK$20.1 billion ( US$2.6 billion ) Only "cash-rich buyers" were able to make deals happen last year , Savills says.

"We anticipate an increasing participation from Southeast Asian investors, who know the Hong Kong market landscape well, leveraging this opportunity to diversify their investment portfolios in Hong Kong ," she said. This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century . For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright 2025 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2025 . South China Morning Post Publishers Ltd. All rights reserved..