Waterfront Invigoration ? Hong Kong Property Outlook 2022
There will be social, retail, residential and work spaces expected to make Victoria Dockside in Hong Kong a vibrant, inclusive and modern waterfront project.
The post Waterfront Invigoration ? Hong Kong Property Outlook 2022 appeared first on LUXUO.
Living by Hong Kong’s waterfront commands prestige. Image: HK Property Report.
Hong Kong?s waterfront living will witness an injection of exciting activities of art and retail activities despite the pandemic.
With the fifth outbreak of the pandemic, the Hong Kong residential market activity undoubtedly slowed down abruptly in primary and secondary residential markets. In the month of January 2022, around 4,275 units transacted for a sum of HK$43.4 billion (approx. US$5.54 billion), dropping 16.9 per cent month-on-month (MoM) in the primary market and 10.5 per cent MoM in the secondary market. Notably, primary sales slipped 28.6 per cent MoM to 1,081 units because of a limited number of newly launched projects before the busy Chinese New Year. Â
Knight Frank Hong Kong Property Report: In the mass market, both property owners and potential buyers took a cautious stance by putting sales and purchase plans on hold. This led to a sharp fall in the number of enquiries and unit views. In the buyers? market, a few sellers were desperate and substantially cut prices to sell their properties, resulting in some isolated unexpectedly low-price transactions in blue-chip estates.
Despite this, unique and exclusive luxury properties rem...
The post Waterfront Invigoration ? Hong Kong Property Outlook 2022 appeared first on LUXUO.
Living by Hong Kong’s waterfront commands prestige. Image: HK Property Report.
Hong Kong?s waterfront living will witness an injection of exciting activities of art and retail activities despite the pandemic.
With the fifth outbreak of the pandemic, the Hong Kong residential market activity undoubtedly slowed down abruptly in primary and secondary residential markets. In the month of January 2022, around 4,275 units transacted for a sum of HK$43.4 billion (approx. US$5.54 billion), dropping 16.9 per cent month-on-month (MoM) in the primary market and 10.5 per cent MoM in the secondary market. Notably, primary sales slipped 28.6 per cent MoM to 1,081 units because of a limited number of newly launched projects before the busy Chinese New Year. Â
Knight Frank Hong Kong Property Report: In the mass market, both property owners and potential buyers took a cautious stance by putting sales and purchase plans on hold. This led to a sharp fall in the number of enquiries and unit views. In the buyers? market, a few sellers were desperate and substantially cut prices to sell their properties, resulting in some isolated unexpectedly low-price transactions in blue-chip estates.
Despite this, unique and exclusive luxury properties rem...
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