In april, jessi chen, who bought a small apartment in hong kong, said to economic reporters in the twenty-first century, that once she was granted hong kong's permanent residence status, the settlement of the home had just become her primary consideration。
Jessi states that it is not only because of the fall in the market prices for residential property in hong kong, but also because she predicts that the era of “equal rents” is approaching。
“salary-free”, i. E. Mortgage repayment for the purchase of a dwelling at a monthly cost less than the monthly rent. Jessi states that, at current interest rates, a flat with a selling price of approximately hk$4. 93 million, interest on a 30-year loan of approximately hk$2. 246 million, and the mortgage cost after the purchase of the house is about hk$15,900 per month; in contrast, its previous rent was about hk$13,000 per month。
According to the latest published data of the disparities authority, the march 2025 latest report on the hong kong private housing price index (hkvi), 284. 2 points, fell by about 0. 49 per cent compared to february and 8. 2 per cent per year, a figure that has fallen for four months in a row, a new one and a half years. In contrast to the downturn in the buying and selling market, the rental market performed in the first four months of 2025, with the rent index rising continuously, the latest being 193. 3 points。
The central urban rental index (cri), which reflects a representative range of gross rents for housing stock, rose from 117. 09 to 123. 87 between april 2024 and march 2025. United states property data also show that the average rent on hong kong's houses increased by an aggregate of over 5. 5 per cent in 2024。
The managing director of the united states department of housing stated that, with the significant increase in the cost of rental housing, combined with a series of favourable market factors such as the liberalization of the property mortgage ceiling in fiscal budget cases, governance reports and the granting of permission to invest in the purchase of luxury homes, the “shelter” would become more cost-effective and attract some people to “sublease for purchase”。
The fine drive boosts the little sun spring
In the first five months of 2025, hong kong's real estate market appears to be gaining momentum。
According to the land registry of the government of the hong kong sar and the united states of america, during the first four months of 2025, the residential market in hong kong had a total of 5511, which, although not the same number as 6601 in the same period in 2024, was the second highest in six years。
Data show that during the first four months of 2025, 1003 transactions of hk$ 4 million or less were recorded, a significant increase of approximately 346 per cent over the same period。
According to liu kahui, the chief analyst of the united states property industry, under the influence of the fiscal budget at the end of february, developers have been active in promoting “detailed goods”, i. E. The average sale price per unit is about hk$ 4 million or less. With the continuous roll-out of this type of building, the share of such premises in the new market increased from about 3. 4 per cent in the first four months of 2024 to about 18. 2 per cent in the same period in 2025, an increase of 14. 8 per cent over the same period。
At the end of february, the director of finance of the hong kong sar, chen mobo, mentioned that, in order to reduce the burden of “cargoers”, the maximum value of property tax of hk$100 was raised from hk$3 million to hk$4 million. According to calculations, this would result in savings of up to hk$60,000 for buyers。
With the introduction of the budget, the overall turnover of residential property in hong kong rose by 98 per cent within 27 days, but only 63. 5 per cent of the total amount was increased, with more than half of the total value of the first-hand sale being between hk$4 million and hk$6 million。
The fact that some vendors continue to attract buyers at low prices is one of the reasons why housing prices have not risen significantly at present。
On 15 march, when 90 per cent of the initial sales were made, 119 sub-sold, 7868 copies of subscriptions were registered, over 65 times over. According to hong kong vanko, as at 10 p. M. On 19 march, approximately 107 units had been selected, and a total of 331 were sold within four days of the sale。
According to the information received, during the 2nd phase of huanco, prices range from hk$3. 18 million to hk$117. 92 million, with a 16 per cent discount, the actual sale price is hk$2. 672 million to hk$9. 906 million and the de facto fare is hk$10,303 to hk$13701, with the first de facto average fare being hk$1218 (approximately 0. 11 square metres per foot). A total of 58 distribution units have a discount of less than hk$4 million and are eligible for the new stamp tax policy。
As a result of the oversubscribement of the building, he indicated that the first round of sales had responded positively and the second round had been sold out quickly. First-hand sales performance is ideal, and the phenomenon of “young spring” in the hong kong building has arrived。
According to the first four months of 2025, a total of hk$ 4 million or less in first-hand residential property sales information network of hk$ 1003 was recorded, reaching about 89 per cent of the total of 1127 in 2025, a record nine years。
More notably, this figure has reached 18 per cent since this year, an increase of 11 per cent over the previous year, when the sum of hk$4 million or less was used as a whole, a new high since the entry into force of the first hand homes marketing regulation in april 2013。
"standing back and forth" is still waiting for signal
While the first-hand “dependency house” is popular in the market, the turnover of second-hand homes in hong kong is declining。
The relevant movement of hong kong's “ten houses” has been an important indicator of the city's progress, covering 10 high-quality housing complexes in which hong kong, kowloon and the new territories have a strong position in the real estate market, are highly traded and have stable prices。
According to the data, the total turnover of hong kong's ten largest houses fell in april, with over half of them falling by more than 50 per cent。
