CBRE: Residential Rents Rise for Third Straight Month in February
Hong Kong’s residential rental market is gaining momentum, with rents rising for the third consecutive month in February 2025, according to CBRE Hong Kong. Executive Director of Valuation & Advisory Services, Eddie Kwok, noted that residential rents increased by 0.3% month-on-month, reflecting a pickup in housing demand following Chinese New Year and a rebound in economic activity. The city is seeing more incoming talent, including professionals and non-local students, contributing to stronger leasing activity.
Positive Outlook for Residential Prices, But Rebound May Be Uneven
While home prices dipped slightly in February—down 0.9% month-on-month—CBRE sees signs of stabilization. The recent stamp duty cut for homes priced under HK$4 million and the surge in local stock market performance have lifted sentiment in the residential market. However, Kwok cautioned that a full market rebound remains unlikely in the short term, as developers continue releasing new units to meet pent-up demand. Newer properties are expected to lead any price recovery, while older units may face continued price pressure.
