Around 10 large residential projects comprising at least 10,000 new flats will hit the Hong Kong market in 2025 as developers continue price cutting to offload inventory amid easing interest rates and an uptick in buying sentiment.

Joseph Tsang, chairman at JLL Hong Kong, said: “It may not be good timing for investors to enter the market now, as the rental carry is yet to turn positive and the capital gain is still on the downside. For projects at certain locations, the pricing has been very attractive for end users. Can one really buy at the bottom? I don’t think so.”

According to the Hong Kong House Price Index, created by Centaline Property Agency, in Hong Kong, average property prices fell by 7.7% in 2024 and they have decreased by 25.7% over the past three years.