Hong Kong home rents are expected to continue rising in the second half of 2023 even as the volatility in home prices persists, Cushman and Wakefield said.
The city’s housing market initially witnessed a recovery in prices after the border with mainland China was reopened in February, according to a report released by Cushman on Thursday.
The prices of lived-in homes have recorded a cumulative increase of 4.9 per cent over the last five months, even after the price index recorded its first decline in May and fell by 0.7 per cent, the report said.
