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Hong Kong Property Market Forecast for 2025

2024 was a year that witnessed a total of 67,979 transactions for the year which is a significant improvement from 2023. Largely thanks to the lifting of the government's special stamp duty (SSD) which penalised overseas buyers and buyers who bought and sold their properties quickly this brought back an uptick in the number of transations. The lifting of the SSD was expected to reverse the slide in property prices yet residential properties dropped still dropped almost 10% in the last 12 months. To most in the industry it won't be looked upon as an easy year for the overall sector.