Hong Kong Residential Market Post-Budget Sentiment Strengthens as Smaller-Sized Unit Transactions Pick Up
Grade A office rents remained under pressure in Q1, while a tourist inflow recovery is yet to boost retail market confidence
- Smaller-sized residential units have been more sought-after following the relaxation of the maximum property value chargeable at a HK$100 stamp duty level as announced in the latest government budget speech, supporting first-hand residential sales.