The key residential findings from the JLL Hong Kong Property Market Report are:

• According to December released data, home sales in November slumped to 3,550, down 47.3% m-o-m, with buying sentiment affected by the 15 per cent stamp duty implemented from 5 November.

• Against limited transactional evidence, mass residential capital values edged up 0.5% m-o-m in December.

• Among the few new projects launched, Hang Lung Properties was able to sell all five batches (comprising 302 units) at The Long Beach in Tai Kok Tsui.

• A house at 1-9 Shouson Hill Road East, Island South was sold for HKD 143 million, just 3% higher than the initial purchase price back in 2010. 

• According to the government’s latest quarterly land sale programme, the MTRC intends to release West Rail Kam Sheung Road Station and the first phase of Wong Chuk Hang Station, yielding a combined 2,450 flats for tender in 1Q17.

Click here to view the full JLL Hong Kong Property Market Report