residential sales

With negative real interest rates persisting and the pace of interest rate increases likely to slow, the Hong Kong residential market has stabilised in Q2 2016 despite growing economic worries over Brexit.

Both residential transaction volumes and average prices rose in Q2/2016 due to a combination of favourable policies and the Spring Housing Fair

Shenzhen’s government unveiled new housing purchase restrictions in March leading to a slow sales volume in Q2 2016.

On the back of stimulation policies by the government, followed by the loosening of housing loans and cutting of interest rates five times this year, Beijing’s mass-residential market remained positive in the last quarter of 2015.

Slowdown deepens as global economic uncertainty intensifies.