Knight Frank

Unsold luxury residential units are expected to be the key focus.

The market’s absorption capacity will be tested next year.

The aging population is impacting supermarket retail sales performance.Hong Kong's retail market is experiencing a significant decline, with total retail sales in the first ten months of 2024 estimated to have dropped by 7.1% compared to the same period last year, according to Knight Frank.

Demand is expected to be weak in 2025.

Thanks to five new residential projects launched during the month.

And annual land premiums are expected to reach HK$10-15 billion.

Analysts believe the market has yet to reach its bottom.

The total sales value was over HK$37 billion.

The 2.8m sq ft of new supply will take time to absorb.

Find out which countries prove to be prime residential hotspots.

The ultra-rich are also expected to set up family offices in the city.

A stuttering economy has driven some to offload their assets for as low as half the price.

Data centres dominated the market, capturing 46% of investments.

Converted hotels and industrial estates offer investors a lifeline.

Hong Kong and Singapore face market pressures.