Hong Kong Rating and Valuation Department: July private residential property
price index 321.5, down 0.46% MoM (ending a 13-month gain), up 11.6% YoY;
Jan–Jul cumulative +7.3%. July residential rent index 207.4, +0.8% MoM, +5.07%
YoY (record high); Jan–Jul rent index +3.44%. Cushman & Wakefield’s Hong Kong
research head said the new US Fed chair has added near-term uncertainty over
rate direction, and, together with geopolitical and global market volatility, is
prompting some buyers to adopt a cautious wait-and-see stance. She added
sustained local housing demand, population inflows and record rents support
underlying market strength, so July’s modest price dip likely represents
consolidation rather than a fundamental shift.
