Hong Kong developers rediscover pricing power amid firmer demand
Hong Kong property developers are experiencing a resurgence in pricing power, driven by increased demand and improved market sentiment. Projects in key districts have seen price increases ranging from 7% to 36% compared to previous sales, with some popular developments showing double-digit percentage gains. This recovery is attributed to factors such as interest rate cuts, a return of mainland Chinese buyers, and a general uptick in market confidence, leading developers to move away from relying on discounts. AI
