Key facts
- At least 100 secondary residential homes in Hong Kong were sold at a loss in September.
- This represents an increase from at least 81 homes sold at a loss in August.
- Agents estimate Hong Kong home prices could end the year 15% higher than a year earlier.
- The market did not experience an immediate setback from the US Federal Reserve's September rate increase.
Despite signs that Hong Kong property prices may have bottomed out and begun to rebound in August, market sources indicated that at least 100 secondary residential homes were sold at a loss in September. This figure is an increase from at least 81 homes sold at a loss in the preceding month. Hong Kong's property market appears to have weathered the US Federal Reserve's September rate increase without an immediate setback. Agents estimate that home prices could conclude the year 15% higher than they were a year prior, though this positive trend did not universally apply.