Hong Kong Property Market Monitor – July 2023

Heavy mortgage burden concerns home buyers despite relaxation on mortgage rule

July 19, 2023

Under the new mortgage rule, homebuyers can borrow up to 70% for properties valued below HKD 15 million, and up to 60% for properties valued below HKD 30 million. Read our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 

  • Office: Premium office in decentralised submarket attracts tenants with upgrading demand.

  • Retail: Total retail sales boosted by new round of consumption voucher disbursement.

  • Industrial: A notable lease of data centre was signed in June. 

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