Residential

Debts reached HK$1,720 billion in November 2021.

There were 2,708 units launched in Q4 alone.

It increased by 9.4 percentage points compared to the previous quarter.

Thanks to pent-up demand for properties in safe-haven markets.

Blame it on the year-end seasonal lull.

There were some other “stranger things” happening from Q1/2016 to Q3/2021.

A total of 28,795 units were transacted in 2021, 57.4% more than the previous year.

This marks the fourth consecutive month of decline.

The population has decreased by over 85,000 people from May 2020. 

Meanwhile, luxury home prices could jump by 3-5%.

Asking rents marginally increased by 0.9% in Q4 2021.

Rents on Hong Kong Island inched up 1% during the quarter.

Private residential prices increased 5% in Q4 2021.

This is the highest annual growth rate since 2011.

Analysts expected cooling measures to occur after much higher price increases.

There will only be around 30 project launches in 2022.