Hong Kong property: 10,000 new flats set to hit already supply-heavy market in 2025

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.

However, while it is a good time to buy for self-use, that market may still fail to lure investors, industry experts said.

“It may not be a 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,” said Joseph Tsang, chairman of JLL Hong Kong. “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.”

Kai Tak, the area of Hong Kong’s former airport, will again be one of the main battlegrounds for new project launches, property agents said.